§428-405 - Sharing of and right to distributions. - Hawaii Statutes

     [§428-405]  Sharing of and right to distributions.  (a)  Any distributions made by a limited liability company, prior to dissolution and winding up, must be in equal shares.

     (b)  A member has no right to receive, and may not be required to accept, a distribution in kind.

     (c)  If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution. [L 1996, c 92, pt of §1]