Illinois Compiled Statutes 805 ILCS 180 Limited Liability Company Act. Section 25-1

    (805 ILCS 180/25-1)

    Sec. 25-1. Interim distributions.

    (a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.

    (b) A member has no right to receive, and may not be required to accept, a distribution in kind.

(Source: P.A. 90-424, eff. 1-1-98.)

Sections:  25-1  25-5  25-10  25-15  25-20  25-25  25-30  25-35  25-45  25-50  Next

Last modified: February 18, 2015