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W. Va. Code § 31B-4-405

Sharing of and right to distributions

Known as the Uniform Limited Liability Company Act

The act spans §§ 31B-10-1001 to 31B-9-907 (94 sections).

(a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.

(b) A member has no right to receive, and may not be required to accept, a distribution in kind.

(c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.

Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.