If a member has received a distribution in violation of the articles of organization or an operating agreement or in violation of section 490A.807 of this chapter, then the member is liable to the limited liability company for a period of five years thereafter for the amount of the distribution wrongfully made.
92 Acts, ch 1151, § 51
Referred to in § 490A.902, 490A.903
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Last update: Thu Mar 18 15:00:31 CST 1999
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