Home/New York/Statutes/Law LLC: Limited Liability Company Law/Art. 5: Contributions and Distributions/§ 506
New York Statutes

§ 506 — Right to distribution

New York § 506
JurisdictionNew York
Law LLCLimited Liability Company Law
Art. 5Contributions and Distributions

This text of New York § 506 (Right to distribution) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.Y. Limited Liability Company Law § 506 (2026).

Text

§ 506. Right to distribution. Subject to sections five hundred eight\nand seven hundred four of this chapter, at the time a member becomes\nentitled to receive a distribution, such member has the status of, and\nis entitled to all remedies available to, a creditor of the limited\nliability company with respect to the distribution.\n

Free access — add to your briefcase to read the full text and ask questions with AI

Nearby Sections

9
§ 501
Form of capital contributions
§ 502
Liability for contributions
§ 503
Sharing of profits and losses
§ 504
Sharing of distributions
§ 505
Distributions in kind
§ 506
Right to distribution
§ 507
Interim distributions
§ 508
Limitations on distributions
§ 509
Distribution upon withdrawal
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
New York § 506, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/LLC/506.