Wash. Rev. Code § 25.15.221

Current through Chapter 376 of the 2024 Regular Session
Section 25.15.221 - Distribution in-kind

A member, regardless of the nature of the member's contribution, has no right to receive any distribution from a limited liability company in any form other than money. A limited liability company may distribute an asset in kind to the extent that each member receives a percentage of the asset equal to the member's percentage share of distributions.

RCW 25.15.221

Added by 2015 c 188,§ 44, eff. 1/1/2016.