S.C. Code § 33-44-405

Current through 2024 Act No. 225.
Section 33-44-405 - Sharing of and right to distributions
(a) Any distributions made by a limited liability company before its dissolution and winding up must be in equal shares.
(b) A member has no right to receive, and may not be required to accept, a distribution in kind.
(c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.

S.C. Code § 33-44-405

1996 Act No. 343, Section 2.