If there are sufficient assets, such claims and obligations shall be paid in full and any such provision for payment made shall be made in full.If there are insufficient assets, such claims and obligations shall be paid or provided for according to their priority and, among claims of equal priority, ratably to the extent of assets available therefor.Any remaining assets shall be distributed as provided in this chapter.Any liquidating trustee winding-up a limited liability company's affairs who has complied with this section shall not be personally liable to the claimants of the dissolved limited liability company by reason of such person's actions in winding-up the limited liability company.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 29 - Revised Mississippi Limited Liability Company Act
§ 79-29-803. Judicial dissolution
§ 79-29-807. Safekeeping by State Treasurer
§ 79-29-813. Distribution of assets
§ 79-29-815. Trustees or receivers for limited liability companies; appointment; powers; duties