Sec. 34-160. Distribution in kind.
Sec. 34-160. Distribution in kind. Except as 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 a percentage of that asset which is equal to the percentage in which the member shares in distributions from the limited liability company.
(P.A. 93-267, S. 31.)