Subject to AS 10.50.305 - 10.50.320, and unless otherwise provided in an operating agreement of the company, a member of a limited liability company shall be repaid the member's contribution to capital and shares equally in the profits and other assets of the company remaining after all liabilities, including liabilities to members, are satisfied.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Sec. 10.50.290. Repayment of contribution and sharing of profits and other assets.
Sec. 10.50.295. Interim distributions under operating agreement.
Sec. 10.50.300. Interim distributions without operating agreement.
Sec. 10.50.305. Restrictions on distributions.
Sec. 10.50.315. Additional restrictions in articles or agreement.
Sec. 10.50.320. Liability of members receiving prohibited distributions; suit against members.
Sec. 10.50.330. Time for interim distributions.
Sec. 10.50.340. Distribution in kind.
Sec. 10.50.345. Right to distribution.
Sec. 10.50.348. Inapplicability to winding up and dissolution.