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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346329</law_id><section_number>13.1-1031</section_number><catch_line>Interim distributions</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><referred_to_by><reference>13.1-1049</reference></referred_to_by><structure><unit label="title" level="1" order_by="44" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="15" identifier="12">Virginia Limited Liability Company Act</unit><unit label="article" level="3" order_by="6" identifier="6">Finance</unit></structure><text>
						<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></text><history>1991, c. 168; 1996, c. 265.</history><metadata></metadata></law>
