ORS § 63.195

Current through 2024 Regular Session legislation effective April 4, 2024
Section 63.195 - Allocation of interim distributions

Distributions of cash or other assets of a limited liability company before the dissolution and winding up of the limited liability company shall be allocated among the members, and among classes of members, in the manner provided in the articles of organization or any operating agreement. If neither the articles of organization nor any operating agreement provides for such allocations, such distributions shall be allocated among the members in proportion to their right to share in the profits of the limited liability company.

ORS 63.195

1993 c.173 §39