Subject to AS 10.50.305 - 10.50.320, if a limited liability company makes an interim distribution of its assets to its members, the company shall make the distribution to the members in the manner provided in an operating agreement of the company. The operating agreement of the company may authorize different interim distributions for different classes of members.
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.