← belizelaw.ai · International Limited Liability Companies, Cap. 270:01 · PART V — Contributions to and Distributions in Companies
Distribution in kind
Cap. 270:01, s. 44 · Revised Edition 2020
Except as otherwise provided in an operating
(a) a member, regardless of the nature of such member’s contribution, has no right to demand and receive a distribution from a limited liability company in any form other than cash;
(b) a member may not be compelled to accept a distribution of any property other than cash from the limited liability company unless the member receives an undivided ownership interest in the property that is in the same percentage as he would have shared in a cash distribution equal to the value of the property at the time of distribution.
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