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R.I. Gen. Laws § 7-16-30

Distribution in kind

Known as the Rhode Island Limited Liability Company Act

The act spans §§ 7–7 (87 sections).

P.L. 1992, ch. 280, § 1.

Except as provided in the operating agreement:

(1) A member has no right to demand and receive any distribution from a limited liability company in any form other than cash; and

(2) No member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds the percentage of that asset which is equal to the percentage in which the member shares distributions from the limited liability company.

Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.