Oklahoma § 18-2028 - Distribution - Cash - Asset in kind
Full text of Oklahoma Oklahoma Statutes § 18-2028 — Distribution - Cash - Asset in kind, with citation guidance and answers to common questions.
§ 18-2028. Distribution - Cash - Asset in kind
Except as otherwise provided in the operating agreement:
1. A member, regardless of the nature of the member's
contribution, has no right to demand and receive any distribution
from a limited liability company in any form other than cash; and
2. No member may 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 member exceeds
the percentage which the member's interest in the limited liability
company is of all of the interests in the limited liability company.
Added by Laws 1992, c. 148, § 29, eff. Sept. 1, 1992.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-2028
What does Oklahoma Statutes § 18-2028 cover?
Section 18-2028 ("Distribution - Cash - Asset in kind") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 18-2028?
A common citation format is "Oklahoma Statutes § 18-2028" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-2028 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.