805 ILCS 180/25-1 – Interim distributions | Midpage

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Illinois Compiled Statutes

Business and Employment

§ 25-1

805 ILCS 180/25-1

Interim distributions

Effective Jan 1, 1998(Source: P.A. 90-424, eff. 1-1-98.)

(a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.
(b) A member has no right to receive, and may not be required to accept, a distribution in kind.

(Source: P.A. 90-424, eff. 1-1-98.)