Interim distributions

805 ILCS 180/25-1, under Distributions.

805 ILCS 180/25-1

(805 ILCS 180/25-1)

    Sec. 25-1. Interim distributions.

    (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.)