North Carolina General Statutes 57D-4-04. Distribution in kind
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Terms Used In North Carolina General Statutes 57D-4-04
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
An LLC may distribute property other than money if the interest owners receive interests of identical character in, or units of identical character of, such property in the same proportions as if the distribution were being made in money equal to the net value of the property being distributed. (2013-157, s. 2.)