Missouri § 347.105 - Distribution, form of.
Full text of Missouri Revised Statutes of Missouri § 347.105 — Distribution, form of., with citation guidance and answers to common questions.
§ 347.105. Distribution, form of.
Except as otherwise provided in the operating agreement, a member, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash. Except as provided in the operating agreement, a member may not be compelled to accept a distribution of any property other than cash from the limited liability company unless the members receive undivided ownership interests therein that are in the same proportions as they would have shared in a cash distribution equal to the value of such property at the time of distribution.
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(L. 1993 S.B. 66 & 20 § 359.762)
Effective 12-01-93
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Frequently Asked Questions About Missouri § 347.105
What does Revised Statutes of Missouri § 347.105 cover?
Section 347.105 ("Distribution, form of.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 347.105?
A common citation format is "Revised Statutes of Missouri § 347.105" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 347.105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.