322B.50 SHARING OF DISTRIBUTIONS.
Unless otherwise provided in the articles of organization, or a member control agreement,
or by the board of governors under section
322B.40, subdivisions 5 and 6, distributions of cash
or other assets of a limited liability company, including distributions on termination of the
limited liability company, must be allocated in proportion to the value of the contributions of
the members reflected in the required records.
History: 1992 c 517 art 2 s 56; 1999 c 85 art 2 s 52