Liability upon wrongful distribution

Va. Code Ann. § 13.1-1036
in effect
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If a member has received a distribution in violation of the articles of organization or an operating agreement or in violation of § 13.1-1035 of this chapter, then the member is liable to the limited liability company for a period of two years thereafter for the amount of the distribution wrongfully made. 1991, c. 168; 2009, c. 763 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-1036/Fetched: 10/16/2026

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