Except as provided in this part 6, a member is entitled to receive distributions from a limited liability company before the member's resignation from the limited liability company and before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events stated in the operating agreement or as otherwise agreed by all of the members.
Source: L. 90: Entire article added, p. 432, § 1, effective April 18. L. 97: Entire section amended, p. 1505, § 18, effective June 3. L. 2003: Entire section amended, p. 2267, § 186, effective July 1, 2004.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 80 - Limited Liability Companies
Part 6 - Distributions and Resignation
§ 7-80-601. Interim Distributions
§ 7-80-602. Resignation of Member
§ 7-80-603. Interest of Member Upon Resignation
§ 7-80-604. Distribution in Kind