Section 12:1324 - Interim distributionsA. Except as provided in this Chapter, a member is entitled to receive distributions from a limited liability company before the withdrawal of the member from the limited liability company and before the dissolution and winding up of the limited liability company to the extent and at the times or upon the occurrence of the events provided in an operating agreement or as authorized by the members.B. Interim distribution of cash or other assets of a limited liability company shall be allocated among the members and among classes of members in the manner provided in a written operating agreement. To the extent such operating agreement does not so provide in writing, distributions shall be made equally to the members.La. Corporations and Associations § 12:1324
Acts 1992, No. 780, §2, eff. July 7, 1992.Acts 1992, No. 780, §2, eff. 7/7/1992.