Indiana § 23-18-6-7 Judgment creditors of members; rights

Indiana Statutes

§ 23-18-6-7 — Judgment creditors of members; rights

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 18 LIMITED LIABILITY COMPANIES·Ch. 6 Membership

(a)On application to a court with jurisdiction by a judgment creditor of a member, the court may charge the interest of the member in the limited liability company with the payment of the unsatisfied amount of the judgment with interest.

(b)To the extent the court charges under subsection (a), the judgment creditor has only the rights of an assignee of the member's interest in the limited liability company.

(c)This article does not deprive a member of the benefit of any exemption laws applicable to the member's interest in the limited liability company.

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(a) On application to a court with jurisdiction
by a judgment creditor of a member, the court may charge the interest
of the member in the limited liability company with the payment of the
unsatisfied amount of the judgment with interest.
(b) To the extent the court charges under subsection (a), the
judgment creditor has only the rights of an assignee of the member's
interest in the limited liability company.
(c) This article does not deprive a member of the benefit of any
exemption laws applicable to the member's interest in the limited
liability company.

Indiana § 23-18-6-7 (Judgment creditors of members; rights) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.