Subject to AS 10.50.305 — 10.50.320, if an operating agreement of the company does not provide for the interim distribution of the assets of the company, when a limited liability company makes an interim distribution of its assets, the interim distributions to each member of the company shall be equal.
AS 10.50.300
Interim distributions without operating agreement
Known as the Alaska Revised Limited Liability Company Act
The act spans §§ 10–10 (147 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.