Washington § 25.15.226 Right to distribution.

Washington Statutes

§ 25.15.226 — Right to distribution.

Washington § 25.15.226

Title 25PARTNERSHIPS

Ch. 25.15LIMITED LIABILITY COMPANIES

This text of Washington § 25.15.226 (Right to distribution.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 25.15.226 (2026).

Text

Subject to RCW 25.15.231 and 25.15.305 , at the time a member becomes entitled to receive a distribution, that member has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution. A limited liability company agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company. The limited liability company's obligation to make a distribution is subject to offset for any amount due and payable to the limited liability company by the person on whose account the distribution is made.

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Subject to RCW 25.15.231 and 25.15.305 , at the time a member becomes entitled to receive a distribution, that member has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution. A limited liability company agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company. The limited liability company's obligation to make a distribution is subject to offset for any amount due and payable to the limited liability company by the person on whose account the distribution is made.