Interim distributions

Va. Code Ann. § 13.1-1031
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Except as provided in this article, a member is entitled to receive distributions from a limited liability company before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events specified in the articles of organization or an operating agreement. 1991, c. 168; 1996, c. 265 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-1031/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements