Distributions to interest owners before the dissolution and winding up of the LLC or, as provided in G.S. 57D-6-08(2), after the dissolution of the LLC, may be made at such times and in such amounts as determined by the LLC in proportion to the ratios that the aggregate contribution amounts of the interest owners bear to one another, determined immediately before the time that the distributions are to be made.
N.C. Gen. Stat. § 57D-4-03
Interim distributions
Applied in 2 court decisions — leading case 250 N.C. App. 19 - Chafin v. Chafin (2016)
Most recently applied in Hampton v. Hanzel (June 2018)
2013-157, s. 2.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.