Alaska Statutes 10.50.295 – Interim distributions under operating agreement
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.50.295
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Subject to Alaska Stat. § 10.50.305 – 10.50.320, if a limited liability company makes an interim distribution of its assets to its members, the company shall make the distribution to the members in the manner provided in an operating agreement of the company. The operating agreement of the company may authorize different interim distributions for different classes of members.