Sec. 10.50.345. Right to distribution.
48 words·~1 min read·
/ak/title-10/chapter-50/10-50-345A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 10.50.345. Right to distribution.
When a member of a limited liability company is entitled to receive a distribution from the company, the member is a creditor of the company with respect to the distribution, and is entitled to all remedies available to a creditor of the company.