New York § 607 Rights of creditors of members

New York Statutes

§ 607 — Rights of creditors of members

New York § 607

Law LLCLimited Liability Company Law

Art. 6Members and Membership

This text of New York § 607 (Rights of creditors of members) 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 § 607 (2026).

Text

§ 607. Rights of creditors of members.

(a)On application to a court\nof competent jurisdiction by any judgment creditor of a member, the\ncourt may charge the membership interest of the member with payment of\nthe unsatisfied amount of the judgment with interest. To the extent so\ncharged, the judgment creditor has only the rights of an assignee of the\nmembership interest. This chapter does not deprive any member of the\nbenefit of any exemption laws applicable to his or her membership\ninterest.\n (b) No creditor of a member shall have any right to obtain possession\nof, or otherwise exercise legal or equitable remedies with respect to,\nthe property of the limited liability company.\n

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§ 607. Rights of creditors of members. (a) On application to a court\nof competent jurisdiction by any judgment creditor of a member, the\ncourt may charge the membership interest of the member with payment of\nthe unsatisfied amount of the judgment with interest. To the extent so\ncharged, the judgment creditor has only the rights of an assignee of the\nmembership interest. This chapter does not deprive any member of the\nbenefit of any exemption laws applicable to his or her membership\ninterest.\n (b) No creditor of a member shall have any right to obtain possession\nof, or otherwise exercise legal or equitable remedies with respect to,\nthe property of the limited liability company.\n