Montana § 35-8-603 - Distribution In Kind
Full text of Montana Montana Code Annotated § 35-8-603 — Distribution In Kind, with citation guidance and answers to common questions.
§ 35-8-603. Distribution In Kind
Distribution in kind. Except as provided in the articles of organization or the operating agreement: (1) a member, regardless of the nature of the member's contribution, may not demand or receive any distribution from a limited liability company in any form other than cash; and (2) a member may not be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the percentage of the asset distributed to the members exceeds a percentage of that asset that is equal to the percentage in which the member shares in distributions from the limited liability company.
Frequently Asked Questions About Montana § 35-8-603
What does Montana Code Annotated § 35-8-603 cover?
Section 35-8-603 ("Distribution In Kind") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 35-8-603?
A common citation format is "Montana Code Annotated § 35-8-603" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-8-603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.