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Georgia State Code
Title      14
Chapter      11  
Section Navigation   100 ... 207       208 ... 305   
   306 ... 401         402 ... 502   
   503 ... 605       606 ... 704   
   705 ... 802       803 ... 905   
  1001 ... 1010     1011 ... 1107  
  1108 ... 1109    
Section<<< 402 403 404 405 406 407 408 409 501 502 >>>  
Title 14, Chapter 11, Section 404 (14-11-404)

A member shall be entitled to receive distributions from a limited liability company before the dissolution and winding up of the limited liability company only to the extent, and at the times or upon the happening of the events, specified in the articles of organization or a written operating agreement, or as otherwise approved by all of the members. Subject to Code Section 14-11-405, distributions by a limited liability company to its members, both prior to and after the dissolution of the limited liability company, shall be shared among the members in the manner provided in the articles of organization or a written operating agreement. Subject to Code Section 14-11-405, if the articles of organization or a written operating agreement does not provide the manner in which distributions are to be shared, distributions shall be shared equally among the members.

Sunday October 12 12:01 CDT


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