§ 57C-5-07. Distribution upon withdrawal. - North Carolina Statutes

§57C‑5‑07.  Distribution upon withdrawal.

Except as provided in and tothe extent provided under this Chapter, upon withdrawal, any withdrawing memberis entitled to receive any distribution to which he is otherwise entitled underthe articles of organization or a written operating agreement, or, if nototherwise provided in the articles of organization or a written operatingagreement, upon a reasonable time after withdrawal, the fair value of themember's interest in the limited liability company as of the date of withdrawalbased upon the member's right to share in distributions from the limitedliability company. (1995, c. 351, s. 10; 1999‑189, s. 4.6; 2000‑140,s. 101(t).)