{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-1031.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-1031.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-1031.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-1031.html"}],"law_id":346329,"edition_id":2,"section_id":346329,"structure_id":49734,"section_number":"13.1-1031","catch_line":"Interim distributions","history":"1991, c. 168; 1996, c. 265.","full_text":"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.\n\n","order_by":null,"text":{"0":{"id":1291028,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49734,"edition_id":2,"name":"Finance","identifier":"6","label":"article","depth":3,"order_by":6,"parent_id":49728,"metadata":{"child_laws":9,"child_structures":0},"date_created":"2026-08-02 02:14:06","date_modified":"2026-08-02 12:29:19","permalink":{"id":1375863,"object_type":"structure","relational_id":49734,"identifier":"6","token":"13.1\/12\/6","url":"\/13.1\/12\/6\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49728,"edition_id":2,"name":"Virginia Limited Liability Company Act","identifier":"12","label":"chapter","depth":2,"order_by":15,"parent_id":49726,"metadata":{"child_laws":156,"child_structures":16},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:18","permalink":{"id":1375353,"object_type":"structure","relational_id":49728,"identifier":"12","token":"13.1\/12","url":"\/13.1\/12\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346327,"structure_id":49734,"section_number":"13.1-1029","catch_line":"Sharing of profits and losses","url":"\/13.1-1029\/","token":"13.1\/12\/6\/13.1-1029","metadata":false},{"id":346328,"structure_id":49734,"section_number":"13.1-1030","catch_line":"Sharing of distributions","url":"\/13.1-1030\/","token":"13.1\/12\/6\/13.1-1030","metadata":false},{"id":346329,"structure_id":49734,"section_number":"13.1-1031","catch_line":"Interim distributions","url":"\/13.1-1031\/","token":"13.1\/12\/6\/13.1-1031","metadata":false},{"id":346330,"structure_id":49734,"section_number":"13.1-1032","catch_line":"Resignation of member","url":"\/13.1-1032\/","token":"13.1\/12\/6\/13.1-1032","metadata":false},{"id":346331,"structure_id":49734,"section_number":"13.1-1033","catch_line":"Repealed","url":"\/13.1-1033\/","token":"13.1\/12\/6\/13.1-1033","metadata":false},{"id":346332,"structure_id":49734,"section_number":"13.1-1034","catch_line":"Distribution in kind","url":"\/13.1-1034\/","token":"13.1\/12\/6\/13.1-1034","metadata":false},{"id":346333,"structure_id":49734,"section_number":"13.1-1035","catch_line":"Restrictions on making distribution","url":"\/13.1-1035\/","token":"13.1\/12\/6\/13.1-1035","metadata":false},{"id":346334,"structure_id":49734,"section_number":"13.1-1036","catch_line":"Liability upon wrongful distribution","url":"\/13.1-1036\/","token":"13.1\/12\/6\/13.1-1036","metadata":false},{"id":346335,"structure_id":49734,"section_number":"13.1-1037","catch_line":"Right to distribution","url":"\/13.1-1037\/","token":"13.1\/12\/6\/13.1-1037","metadata":false}],"previous_section":{"id":346328,"structure_id":49734,"section_number":"13.1-1030","catch_line":"Sharing of distributions","url":"\/13.1-1030\/","token":"13.1\/12\/6\/13.1-1030","metadata":false},"next_section":{"id":346330,"structure_id":49734,"section_number":"13.1-1032","catch_line":"Resignation of member","url":"\/13.1-1032\/","token":"13.1\/12\/6\/13.1-1032","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1031\/","history_text":"<p>This law was first created in 1991. The record of its establishment is cataloged in chapter 168 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1996, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?961+ful+CHAP0265\">265<\/a>.<\/p>","references":[{"id":346355,"section_number":"13.1-1049","catch_line":"Distribution of assets upon dissolution","order_by":null,"url":"\/13.1-1049\/"}],"refers_to":false,"permalink":{"id":1375873,"object_type":"law","relational_id":346329,"identifier":"13.1-1031","token":"13.1\/12\/6\/13.1-1031","url":"\/13.1-1031\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-1031\/","token":"13.1\/12\/6\/13.1-1031","dublin_core":{"Title":"Interim distributions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1031","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Except as provided in this article, a <span class=\"dictionary\">member<\/span> is entitled to receive <span class=\"dictionary\">distributions<\/span> from a <span class=\"dictionary\">limited liability company<\/span> before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events specified in the <span class=\"dictionary\">articles of organization<\/span> or an <span class=\"dictionary\">operating agreement<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nINTERIM DISTRIBUTIONS (\u00a7 13.1-1031)\n\nExcept as provided in this article, a member is entitled to receive\ndistributions from a limited liability company before the dissolution and\nwinding up thereof to the extent and at the times or upon the happening of the\nevents specified in the articles of organization or an operating agreement.\n\nHISTORY: 1991, c. 168; 1996, c. 265.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}