(1) To the creditors, including to the extent permitted by law, owners, and former owners in satisfaction of liabilities of the limited liability company.

(2) Unless otherwise provided in the operating agreement, to owners and former owners in satisfaction of liabilities for distributions under this chapter.

(3) Unless otherwise provided in this operating agreement, to owners and former owners for the return of their contributions in proportion to their respective values and, thereafter, in proportion to their respective rights to share in distributions from the limited liability company before distribution. [Res. 2023-10-019 § 1, 2023.]