Section 33: Form of distribution on demand; acceptance of distribution of assets
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/ma/part-i/title-xxii/chapter-156c/33·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 33. Except as provided in a written operating agreement, a member, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash. Except as provided in a written operating agreement, a member may not be compelled to accept a distribution of any asset in kind from a limited liability company to the extent that the percentage of the asset distributed to him exceeds a percentage of the asset which is equal to the percentage in which he shares in distributions from the limited liability company.