Distribution of Property on Liquidation — LPA/LLC

Description

This AI field captures the final distribution waterfall on the liquidation, dissolution or winding up of a limited partnership or limited liability company, the liquidator’s right, if any, to distribute property in kind to the partners/members, and liquidation preferences of any class or series of interests in the partnership/company.

Jurisdiction
  • Canada (Alberta, British Columbia, Ontario, and Quebec)
  • United States (California, Delaware, Illinois, New York, Pennsylvania, and Texas)
Document Types
  • 100% Governance Agt
  • 0% Other
Tags
  • LPA/LLC
Language
  • 100% English