§ 4-32-601 - Sharing of interim distributions. - Arkansas Statutes

4-32-601. Sharing of interim distributions.

Except as otherwise provided in 4-32-602 and 4-32-905, distributions of cash or other assets of a limited liability company shall be shared among the members and among classes of members in the manner provided in writing in an operating agreement. If an operating agreement does not so provide in writing, each member shall share equally in any distribution. A member is entitled to receive distributions described in this section from a limited liability company to the extent and at the times or upon the happening of the events specified in an operating agreement or at the times determined by the members or managers pursuant to 4-32-403.