2015 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2025 Statutes New, Amended or Repealed
- 2025 Table of Chapters
- 2025 Statutes Topics (Index)
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- 2014 322B.50 Repealed 2014 c 157 art 1 s 91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:
NOTE: This chapter is repealed by Laws 2014, chapter 157, article 1, section 91, effective January 1, 2018.
Official Publication of the State of Minnesota
Revisor of Statutes