Status of Member Entitled to Receive Distribution

  1. Law
  2. Indiana Code
  3. Business and Other Associations
  4. Limited Liability Companies
  5. Finance
  6. Status of Member Entitled to Receive Distribution

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Sec. 9. 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.

As added by P.L.8-1993, SEC.301.


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