§ 4A-504. Form of distribution
West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2012
Effective: October 1, 2012
MD Code, Corporations and Associations, § 4A-504
§ 4A-504. Form of distribution
Unless otherwise agreed, a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in a form other than cash.
Credits
Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-506 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.
MD Code, Corporations and Associations, § 4A-504, MD CORP & ASSNS § 4A-504
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |