Alaska Statutes.
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Section 295. Interim Distributions Under Operating Agreement.
previous: Section 290. Repayment of Contribution and Sharing of Profits and Other Assets.
next: Section 300. Interim Distributions Without Operating Agreement.

AS 10.50.295. Interim Distributions Under Operating Agreement.

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.

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