Georgia Code, Title 14, Chapter 11, Article 4 - Finance
- § 14-11-401 - Contributions to Capital
A contribution to the capital of a limited liability company may be in cash, tangible or intangible property, services rendered, or a promissory note...
- § 14-11-402 - Liability for Contribution
(a) Notwithstanding any other provision of law regarding unwritten contracts, including but not limited to Code Section 13-5-31, a promise to make a contribution...
- § 14-11-403 - Allocation of Profits and Losses
The profits and losses, and each item thereof, of a limited liability company shall be allocated among the members in the manner provided in...
- § 14-11-404 - Distributions
A member shall be entitled to receive distributions from a limited liability company before the dissolution and winding up of the limited liability company...
- § 14-11-405 - Distributions Upon Event of Dissociation
(a) Effective for limited liability companies formed prior to July 1, 1999, except as otherwise provided in the articles of organization or a written...
- § 14-11-406 - Distributions in Kind
Except as provided in the articles of organization or a written operating agreement: (1) A member, regardless of the nature of the member's contribution,...
- § 14-11-407 - Restrictions on Making Distributions
(a) No distribution to a member, to an assignee, or with respect to the interest of a member as to which an event of...
- § 14-11-408 - Liability Upon Wrongful Distribution
(a) A member or manager who votes for or expressly consents to a distribution that is made in violation of Code Section 14-11-407 is...
- § 14-11-409 - Right to Distribution
At the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available...
Last modified: October 14, 2016