New Mexico § 53-19-35 Rights of judgment creditor of member

New Mexico Statutes

§ 53-19-35 — Rights of judgment creditor of member

New Mexico·Ch. 53 Corporations·Art. 19 Limited Liability Companies

On application to a court by any judgment creditor of a member, the court may charge the interest of the member with payment of the unsatisfied amount of the judgment, with interest. To the extent so charged, the judgment creditor has no more rights than those to which an assignee of the member's limited liability company interest would be entitled under the provisions of Section 32 [53-19-32 NMSA 1978] of the Limited Liability Company Act. That act does not deprive any member of the benefit of any exemption laws applicable to his membership interest.

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On application to a court by any judgment creditor of a member, the court may charge the interest of the member with payment of the unsatisfied amount of the judgment, with interest. To the extent so charged, the judgment creditor has no more rights than those to which an assignee of the member's limited liability company interest would be entitled under the provisions of Section 32 [53-19-32 NMSA 1978] of the Limited Liability Company Act. That act does not deprive any member of the benefit of any exemption laws applicable to his membership interest.

New Mexico § 53-19-35 (Rights of judgment creditor of member) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.