Sec. 34-210. Distribution of assets.
Sec. 34-210. Distribution of assets. Upon the winding up of a limited liability
company, the assets shall be distributed as follows: (1) Payment, or adequate provision
for payment, shall be made to creditors, including, to the extent permitted by law, members who are creditors, in satisfaction of liabilities of the limited liability company; (2)
unless otherwise provided in writing in an operating agreement, to members or former
members in satisfaction of liabilities for distributions under sections 34-158 and 34-159; and (3) unless otherwise provided in writing in an operating agreement, to members
and former members, first, for the return of their contributions and second, respecting
their membership interests, in proportions in which the members share in distributions
under section 34-158.
(P.A. 93-267, S. 46.)