§ 4A-504

Md. Code Ann., Corps. & Ass'ns § 4A-504

Form of distribution

Effective Oct 1, 2012Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-506 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.State of Maryland

Unless otherwise agreed, a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in a form other than cash.

Added by Acts 1992, c. 536. Renumbered from Corporations and Associations § 4A-506 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.