N.C. Gen. Stat. » Chapter 57D
NC General Statutes

N.C. Gen. Stat. § 57D-4-03 (2026)

Interim distributions

✓ current as of July 2026
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Distributions to interest owners before the dissolution and winding up of the LLC or, as provided in G.S. 57D-6-08(2), after the dissolution of the LLC, may be made at such times and in such amounts as determined by the LLC in proportion to the ratios that the aggregate contribution amounts of the interest owners bear to one another, determined immediately before the time that the distributions are to be made. (2013-157, s. 2.)

 

Notes of Decisions
Cited in 4 cases (2 in the last 5 years), 2016–2021 · leading case: Chafin v. Chafin, 791 S.E.2d 693 (N.C. Ct. App. 2016).
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Chafin v. Chafin, 791 S.E.2d 693 (N.C. Ct. App. 2016). · cites it 2× “Stat. § 57D-6-07(e) (2015). By virtue of the business interest, however, defendant was entitled to a distribution of the remaining assets after dissolution and during the winding up of the company's affairs.”
Hampton v. Hanzel, 2018 NCBC 64 (N.C. Bus. Ct. 2018). · cites it 8× “) The individual Plaintiffs contend that Hanzel distributed Randolph Road’s profits to the Trust without making a proportionate distribution to the individual Plaintiffs, thus, violating their rights under N.C. Gen. Stat. § 57D-4-03. (Suppl. Br. Supp.”
Culbreth v. Manning (N.C. Ct. App. 2021). · cites it 4× “N.C. Gen. Stat. § 57D-4-03 provides in relevant part: “Distributions to interest owners .”
Culbreth v. Manning (N.C. Ct. App. 2021). · cites it 4× “N.C. Gen. Stat. § 57D-4-03 provides in relevant part: “Distributions to interest owners .”
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