Restrictions on Contribution Refunds Article 632 Notwithstanding the provisions of Article 624, paragraph (1), members in a Limited Liability Company may not make the demand under the provisions of the first sentence of that paragraph except in cases where the value of member's contributions will be reduced by changes in the articles of incorporation.
In cases where the book value of the Monies, etc. delivered by a Limited Liability Company to a member by Contribution Refunds (hereinafter in this Subsection referred to as "Amount of Contribution Refunds") exceeds the amount of surplus as of the day when a demand is made under the provisions of the first sentence of Article 624, paragraph (1) (in cases where the reduction in the stated capital under Article 626, paragraph (1) is effected, the amount of surplus after such reduction; hereinafter the same applies in this Subsection), or the reduction in the value of member's contributions in the preceding paragraph, whichever is lower, such Contribution Refunds cannot be effected. In such cases, the Limited Liability Company may reject the demand under the provisions of the first sentence of Article 624, paragraph (1).
