25.15.220 - Distribution on event of dissociation. - Washington Statutes

Distribution on event of dissociation.

Unless otherwise provided in the limited liability company agreement, upon the occurrence of an event of dissociation under RCW 25.15.130 which does not cause dissolution (other than an event of dissociation specified in RCW 25.15.130(1)(b) where the dissociating member's assignee is admitted as a member), a dissociating member (or the member's assignee) is entitled to receive any distribution to which an assignee would be entitled.

[1995 c 337 § 18; 1994 c 211 § 602.]

Notes: Effective date -- 1995 c 337: See note following RCW 25.15.005.