New Hampshire § 304-C-91 - Section 304-C:91 Distribution, Etc.-Definitions.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 304-C-91 — Section 304-C:91 Distribution, Etc.-Definitions., with citation guidance and answers to common questions.
§ 304-C-91. Section 304-C:91 Distribution, Etc.-Definitions.
Unless the operating agreement provides otherwise, the following terms shall have the following meanings: I. Distribution. A distribution by the limited liability company to a member shall mean any transfer of its cash or other assets to the member except: (a) Payments to a member relating to a transaction between the limited liability company and a member acting in a capacity other than as a member; (b) Payments to a member made without regard to the limited liability company's profit or loss for services to or for the limited liability company or for the limited liability company's use of the member's capital; and (c) Payments to a member under a limited liability company's indemnification obligations as referenced in RSA 304-C:116 or a limited liability company's obligation to advance expenses as referenced in RSA 304-C:117. II. Interim Distribution. An interim distribution to a member shall mean any distribution except a liquidating distribution, as defined in paragraph III. III. Liquidating Distribution. A liquidating distribution shall mean a distribution in connection with: (a) The limited liability company's partial or complete redemption of a member's membership rights; or (b) The limited liability company's dissolution and liquidation.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 304-C-91
What does New Hampshire Revised Statutes Annotated § 304-C-91 cover?
Section 304-C-91 ("Section 304-C:91 Distribution, Etc.-Definitions.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. 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 New Hampshire § 304-C-91?
A common citation format is "New Hampshire Revised Statutes Annotated § 304-C-91" (New Hampshire). 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 New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 304-C-91 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire 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 New Hampshire.