Except as provided in ORS 63.205 to 63.235, a member is entitled to receive distributions from a limited liability company before the member’s withdrawal from the limited liability company and before the dissolution and winding up of the limited liability company to the extent and at the times or upon the occurrence of the events specified in the articles of organization or any operating agreement.
ORS 63.200
Known as the Oregon Limited Liability Company Act
The act spans §§ 63–63 (137 sections).
Applied in 1 court decision — leading case Ameriflex Eng'g LLC v. Zoller (In re Ameriflex Eng'g LLC) (2018)
Most recently applied in Ameriflex Eng'g LLC v. Zoller (In re Ameriflex Eng'g LLC) (March 2018)
1993 c.173 §40
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.