§ 4A-505. Status of creditor

Latest version.

Unless otherwise agreed, a member of a limited liability company who becomes entitled to receive a distribution has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.

HISTORY: 1992, ch. 536; 1997, ch. 659, § 1, 2; 2012, chs. 599, 600.

                    
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