HRS §428-405
How profits and payments are shared among LLC members
Read the official text at capitol.hawaii.gov ↗Before an LLC closes down, any money or property it gives out must be split equally among members. A member cannot be forced to take property instead of cash, and once a member is owed a payment, they have the same rights as a creditor to collect it.
The statute, as written — Sharing of and right to distributions
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) Any distributions made by a limited liability company, prior to dissolution and winding up, must be in equal shares. (b) A member has no right to receive, and may not be required to accept, a distribution in kind. (c) If a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.