Lac Courte Oreilles Band of Lake Superior Chippewa Indians of Wisconsin - Tribal Law

Disclaimer: Although every effort is made to present current and accurate information, if you need an official version of the tribe’s laws, please contact the tribe.

To contact the Lac Courte Oreilles Band of Lake Superior Chippewa Indians of Wisconsin, visit the tribal court's website.

Lac Courte Oreilles Tribal Code of Law.

LLC.1.5.050 Distribution in Kind

Unless otherwise provided in the Operating Agreement:

(a) An Owner may not demand and receive any distribution from an LLC in any form other than cash.

(b) An Owner may not be compelled to accept a distribution of any asset in kind except for a liquidating distribution made proportionately.

Original url: https://law.lco-nsn.gov/us/nsn/lco/council/code/LLC.1.5.050

Powered by the non-profit Open Law Library.