S.C. Code § 33-44-405
Sharing of and right to distributions
South Carolina · South Carolina Code Title 33, Chapter 44 — Uniform Limited Liability Company Act of 1996 · Status: effective
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- S.C. Code § 33-44-405, Sharing of and right to distributions, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576815
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Full text
(a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.
(b) A member has no right to receive, and may not be required to accept, a distribution in kind.
(c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.