{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1030.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1030.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1030.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1030.html"}],"law_id":73279,"edition_id":1,"section_id":73279,"structure_id":14004,"section_number":"13.1-1030","catch_line":"Sharing of distributions","history":"1991, c. 168; 1995, c. 168; 1997, c. 190.","full_text":"Distributions of cash or other assets of a limited liability company shall be allocated among the members, and among classes of members, on the basis provided in writing in the articles of organization or an operating agreement. If the articles of organization or an operating agreement do not so provide in writing, distributions shall be made on the basis of the value, as stated in the limited liability company records required to be kept pursuant to \u00a7 13.1-1028, of the contributions made by each member to the extent they have been received by the limited liability company.","order_by":null,"text":{"0":{"id":263721,"text":"Distributions of cash or other assets of a limited liability company shall be allocated among the members, and among classes of members, on the basis provided in writing in the articles of organization or an operating agreement. If the articles of organization or an operating agreement do not so provide in writing, distributions shall be made on the basis of the value, as stated in the limited liability company records required to be kept pursuant to \u00a7 13.1-1028, of the contributions made by each member to the extent they have been received by the limited liability company.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14004,"edition_id":1,"name":"Finance","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":12817,"metadata":{},"date_created":"2026-06-26 03:46:34","date_modified":"2026-06-26 03:46:34","permalink":{"id":148861,"object_type":"structure","relational_id":14004,"identifier":"6","token":"13.1\/12\/6","url":"\/13.1\/12\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12817,"edition_id":1,"name":"Virginia Limited Liability Company Act","identifier":"12","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":148351,"object_type":"structure","relational_id":12817,"identifier":"12","token":"13.1\/12","url":"\/13.1\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56042,"structure_id":14004,"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":73279,"structure_id":14004,"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":77425,"structure_id":14004,"section_number":"13.1-1031","catch_line":"Interim distributions","url":"\/13.1-1031\/","token":"13.1\/12\/6\/13.1-1031","metadata":false},{"id":55088,"structure_id":14004,"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":61693,"structure_id":14004,"section_number":"13.1-1033","catch_line":"Repealed","url":"\/13.1-1033\/","token":"13.1\/12\/6\/13.1-1033","metadata":false},{"id":73763,"structure_id":14004,"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":72538,"structure_id":14004,"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":60226,"structure_id":14004,"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":71027,"structure_id":14004,"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":56042,"structure_id":14004,"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},"next_section":{"id":77425,"structure_id":14004,"section_number":"13.1-1031","catch_line":"Interim distributions","url":"\/13.1-1031\/","token":"13.1\/12\/6\/13.1-1031","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1030\/","history_text":"

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 2 times. 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. Those modifications are as follows: in 1995, chapter 168<\/a>; in 1997, chapter 190<\/a>.<\/p>","references":false,"refers_to":[{"id":54212,"section_number":"13.1-1028","catch_line":"Information and records","order_by":null,"url":"\/13.1-1028\/"}],"permalink":{"id":148867,"object_type":"law","relational_id":73279,"identifier":"13.1-1030","token":"13.1\/12\/6\/13.1-1030","url":"\/13.1-1030\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1030\/","token":"13.1\/12\/6\/13.1-1030","dublin_core":{"Title":"Sharing of distributions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1030","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Distributions<\/span> of cash or other assets<\/span> of a limited liability company<\/span> shall be allocated among the members<\/span>, and among classes of members<\/span>, on the basis provided in writing in the articles of organization<\/span> or an operating agreement<\/span>. If the articles of organization<\/span> or an operating agreement<\/span> do not so provide in writing, distributions<\/span> shall be made on the basis of the value, as stated in the limited liability company<\/span> records required to be kept pursuant to \u00a7 13.1-1028<\/a>, of the contributions<\/span> made by each member<\/span> to the extent they have been received by the limited liability company<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSHARING OF DISTRIBUTIONS (\u00a7 13.1-1030)\n\nDistributions of cash or other assets of a limited liability company shall be\nallocated among the members, and among classes of members, on the basis provided\nin writing in the articles of organization or an operating agreement. If the\narticles of organization or an operating agreement do not so provide in writing,\ndistributions shall be made on the basis of the value, as stated in the limited\nliability company records required to be kept pursuant to \u00a7 13.1-1028, of the\ncontributions made by each member to the extent they have been received by the\nlimited liability company.\n\nHISTORY: 1991, c. 168; 1995, c. 168; 1997, c. 190.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}