Revised Code of Washington - RCW Title 25 Partnerships - Section 25.15.205 Allocation of distributions

§ 25.15.205. Allocation of distributions

Distributions of cash or other assets of a limited liability company shall be allocated among the members, and among classes or groups of members, in the manner provided in a limited liability company agreement. If the limited liability company agreement does not so provide, distributions shall be made in proportion to the agreed value (as stated in the records of the limited liability company required to be kept pursuant to RCW 25.15.135) of the contributions made, or required to be made, by each member.

[1994 c 211 § 504.]

Sections:  Previous  25.15.170  25.15.175  25.15.180  25.15.185  25.15.190  25.15.195  25.15.200  25.15.205  25.15.215  25.15.220  25.15.225  25.15.230  25.15.235  25.15.245  25.15.250  Next

Last modified: April 7, 2009