Except as provided in this article, a member is entitled to receive distributions from a limited liability company before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events specified in the articles of organization or an operating agreement.
Va. Code Ann. § 13.1-1031
Interim distributions
Known as the Virginia Limited Liability Company Act
The act spans §§ 13–13 (156 sections).
1991, c. 168; 1996, c. 265.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.