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<section article="gca" article_name="Corporations and Associations" number="4A-906" title_number="4A" title_name="Limited Liability Company Act" subtitle_number="9" subtitle_name="Dissolution, Forfeiture, and Reinstatement">
  <text>On the winding up and termination of a limited liability company, the assets shall be distributed as follows:</text>
  <level label="1">
    <text>To creditors, including members who are creditors, to the extent permitted by law, in satisfaction of the liabilities of the limited liability company; and</text>
  </level>
  <level label="2">
    <text>Unless otherwise agreed, to the members in proportion to their respective capital contribution values, after the capital contribution values are adjusted by:</text>
    <level label="i">
      <text>Adding to the members’ capital contribution values their respective shares of the profits of the limited liability company; and</text>
    </level>
    <level label="ii">
      <text>Deducting from the members’ capital contribution values their respective shares of the losses of the limited liability company and all distributions previously received by the members.</text>
    </level>
  </level>
</section>
