Rhode Island Statutes

§ 7-16-33 — § 7-16-33. Right to distribution.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-16 The Rhode Island Limited Liability Company Act

§ 7-16-33. Right to distribution.

Unless otherwise provided in the operating agreement, at the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.

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

Rhode Island § 7-16-33 (§ 7-16-33. Right to distribution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1992, ch. 280, § 1.

Nearby Sections

15
View on official source ↗