15 Pennsylvania Consolidated Statutes § 8934 - Distributions In Kind

§ 8934. Distributions in kind.

(a) No right to distribution in kind.--A member, regardless of the nature of the contribution of the member, has no right to demand and receive any distribution from a limited liability company in any form other than cash.

(b) Limitation on distributions in kind.--A member may not be compelled to accept from a company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds a percentage of that asset that is equal to the percentage in which the member shares in distributions from the company.

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Last modified: October 8, 2016