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§7-16-28  Interim distributions. –

Published: 2015

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Corporations, Associations, and Partnerships


The Rhode Island Limited Liability Company Act

SECTION 7-16-28

   § 7-16-28  Interim distributions. –

Except as provided in this chapter, a member is entitled to receive

distributions from a limited liability company before the withdrawal of the

member from the limited liability company and before the dissolution and

winding up of the limited liability company to the extent and at the times or

upon the happening of the events upon which the members unanimously agree or as

provided in the operating agreement.

History of Section.

(P.L. 1992, ch. 280, § 1.)