In-Kind Distributions. The Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.
Appears in 37 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
In-Kind Distributions. The Company may make in-kind distributions of the Company assets, provided . The Member must record such an in-kind distribution in the Members unanimously agree and such agreement is in writingCompany's books. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.
Appears in 21 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
In-Kind Distributions. The Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property assets must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the any in-kind distribution.
Appears in 1 contract
Samples: Operating Agreement
