HRS § 428-806 - Distribution of assets in winding up the limited liability company's business — United States — Hawaii law | Esheria

HRS § 428-806 - Distribution of assets in winding up the limited liability company's business

When a limited liability company is wound up, its assets must be used first to pay creditors, and any surplus must then be distributed to members. Each member is entitled to a distribution that returns unpaid contributions and shares any remaining amount equally.

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Jurisdiction
United States — Hawaii
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Updated
Official source
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creditor payments liquidation member distributions

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