Okla. Stat. tit. 18, § 18-2028
This is the official text of Okla. Stat. tit. 18, § 18-2028, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Distribution - Cash - Asset in kind
Official statutory text
Except as otherwise provided in the operating agreement:
1. 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 any form other than cash; and
2. No member may be compelled to accept from a limited
liability company a distribution of any asset in kind to the extent
that the percentage of the asset distributed to the member exceeds
the percentage which the member's interest in the limited liability
company is of all of the interests in the limited liability company.
1. 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 any form other than cash; and
2. No member may be compelled to accept from a limited
liability company a distribution of any asset in kind to the extent
that the percentage of the asset distributed to the member exceeds
the percentage which the member's interest in the limited liability
company is of all of the interests in the limited liability company.
Status: in_force · Read it on the official government site
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