Haw. Rev. Stat. § 428-405

Current through the 2024 Legislative Session
Section 428-405 - Sharing of and right to distributions
(a) Any distributions made by a limited liability company, prior to 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.

HRS § 428-405

L 1996, c 92, pt of §1