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North Carolina General Statutes Chapter 57D. North Carolina Limited Liability Company Act § 57D-4-04. Distribution in kind

Current as of January 01, 2023 | Updated by FindLaw Staff

An LLC may distribute property other than money if the interest owners receive interests of identical character in, or units of identical character of, such property in the same proportions as if the distribution were being made in money equal to the net value of the property being distributed.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 57D. North Carolina Limited Liability Company Act § 57D-4-04. Distribution in kind - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-57d-north-carolina-limited-liability-company-act/nc-gen-st-sect-57d-4-04/

Read this complete North Carolina General Statutes Chapter 57D. North Carolina Limited Liability Company Act § 57D-4-04. Distribution in kind on Westlaw. Westlaw subscription required.

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