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This entry was published on 2014-09-22
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Right to distribution
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 5
§ 506. Right to distribution. Subject to sections five hundred eight
and seven hundred four of this chapter, at the time a member becomes
entitled to receive a distribution, such 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.