Section 23Part 6 — Dissolution and Winding Up
Allocation of distributions
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Distr ibutions of cash or in kind by a limited liability company shall be made or paid among the members, and among classes of LLC interests or groups of members, in the manner provided in its LLC agreement.
If the LLC agreement does not so provide, distribu tions shall be made or paid on the basis of the agreed value (as stated in the records of the limited liability company) of the contributions made by each member to the extent they have been received by the limited liability company and have not been retur ned.