Sharing of distributions

7-80-504. Sharing of distributions. Distributions of cash or other assets of a limited liability company shall be allocated among the members and among classes of members on the basis of the value, as stated in the limited liability company records required to be kept pursuant to section 7-80-408, of the contributions made by each member. Source: L. 90: Entire article added, p. 431, � 1, effective April 18. L. 94: Entire section amended, p. 717, � 20, effective July 1. L. 2004: Entire section amended, p. 942, � 10, effective July 1. PART 6 DISTRIBUTIONS AND RESIGNATION Law reviews: For article, Limited Liability Companies: Structuring Members' Economic Rights, see 34 Colo. Law. 73 (Aug. 2005).