Vermont § 4106 - Distribution of assets in winding up limited liability company’s business
Full text of Vermont Vermont Statutes Online § 4106 — Distribution of assets in winding up limited liability company’s business, with citation guidance and answers to common questions.
§ 4106. Distribution of assets in winding up limited liability company’s business
- (a) In winding up a limited liability company’s business, the assets of the company shall
be applied to discharge its obligations to creditors, including members who are creditors.
Any surplus shall be applied to pay in money the net amount distributable to members
in accordance with their right to distributions under subsection (b) of this section. (b) Each member is entitled to a distribution upon the winding up of the limited liability
company’s business consisting of a return of all contributions which have not previously
been returned and a distribution of any remainder in proportion to each member’s capital
contributions. (Added 2015, No. 17, § 2.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4106
What does Vermont Statutes Online § 4106 cover?
Section 4106 ("Distribution of assets in winding up limited liability company’s business") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 4106?
A common citation format is "Vermont Statutes Online § 4106" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.