§18-2029. Distribution - Status and rights of member.
49 words·~1 min read·
/ok/title-18-corporations/18-2029·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At the time 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. Added by Laws 1992, c. 148, § 30, eff. Sept. 1, 1992.