Massachusetts § 40 Judgment against member payable with interest in limited liability company

Massachusetts Statutes

§ 40 — Judgment against member payable with interest in limited liability company

Massachusetts § 40

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156CLIMITED LIABILITY COMPANY ACT

This text of Massachusetts § 40 (Judgment against member payable with interest in limited liability company) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 156C, § 40 (2026).

Text

Section 40. On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the limited liability company interest of the member with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the limited liability company interest.  This chapter does not deprive any member of the benefit of any exemption laws applicable to his limited liability company interest.

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Section 40. On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the limited liability company interest of the member with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the limited liability company interest. This chapter does not deprive any member of the benefit of any exemption laws applicable to his limited liability company interest.

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Massachusetts § 40, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156C/40.