2007 Minnesota Statutes
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Chapter 322B
Section 322B.50
Recent History
- 2014 322B.50 Repealed 2014 c 157 art 1 s 91
- 1999 322B.50 Amended 1999 c 85 art 2 s 52
This is an historical version of this statute chapter. Also view the most recent published version.
322B.50 SHARING OF DISTRIBUTIONS.
Unless otherwise provided in the articles of organization, or a member control agreement,
or by the board of governors under section 322B.40, subdivisions 5 and 6, distributions of cash
or other assets of a limited liability company, including distributions on termination of the
limited liability company, must be allocated in proportion to the value of the contributions of
the members reflected in the required records.
History: 1992 c 517 art 2 s 56; 1999 c 85 art 2 s 52
Unless otherwise provided in the articles of organization, or a member control agreement,
or by the board of governors under section 322B.40, subdivisions 5 and 6, distributions of cash
or other assets of a limited liability company, including distributions on termination of the
limited liability company, must be allocated in proportion to the value of the contributions of
the members reflected in the required records.
History: 1992 c 517 art 2 s 56; 1999 c 85 art 2 s 52
Official Publication of the State of Minnesota
Revisor of Statutes