Illinois Statutes
§ 25-20 — Right to distribution
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 180/ Limited Liability Company Act.·Art. Article 25 - Distributions
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 distributions.
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Legislative History
(Source: P.A. 87-1062.)
Nearby Sections
11
§ 25
§ 25§ 25-1
Interim distributions§ 25-10
(Repealed)§ 25-15
(Repealed)§ 25-20
Right to distribution§ 25-25
(Repealed)§ 25-30
Limitations on distributions§ 25-5
(Repealed)