Subject to AS 10.50.305 - 10.50.320, if an operating agreement of the company does not provide for the interim distribution of the assets of the company, when a limited liability company makes an interim distribution of its assets, the interim distributions to each member of the company shall be equal.
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.