“Distributions” means a transfer of property from an organization to its shareholders or interest-holders solely as a result of their ownership interest in such organization.

Source. #4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04; renumbered by #9658 (from Rev 901.06); renumbered by #9843 (from Rev 901.07) (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12 (from Rev 901.06); renumbered by #10795 (from Rev 901.07); ss by #13433, eff 8-12-22