Statutes > Alaska Statutes > Title 10 - CORPORATIONS AND ASSOCIATIONS > Chapter 10.50. - ALASKA REVISED LIMITED LIABILITY COMPANY ACT > Article 09 - DISTRIBUTIONS > Sec. 10.50.290. - Repayment of contribution and sharing of profits and other assets.

Sec. 10.50.290. - Repayment of contribution and sharing of profits and other assets.

Subject to AS 10.50.305 - 10.50.320, and unless otherwise provided in an operating agreement of the company, a member of a limited liability company shall be repaid the member's contribution to capital and shares equally in the profits and other assets of the company remaining after all liabilities, including liabilities to members, are satisfied.