RCW 25.15.226
110 words·~1 min read·
/wa/title-25/chapter-25-15/25-15-226·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to RCW 25.15.231 and 25.15.305 , at the time a member becomes entitled to receive a distribution, that member has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution. A limited liability company agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company. The limited liability company's obligation to make a distribution is subject to offset for any amount due and payable to the limited liability company by the person on whose account the distribution is made.
[ 2015 c 188 s 45 .]