§ 17-29-503 — Charging order

(a) On application by a judgment creditor of a member or
transferee, a court may enter a charging order against the
transferable interest of the judgment debtor for the unsatisfied
amount of the judgment. A charging order requires the limited
liability company to pay over to the person to which the
charging order was issued any distribution that would otherwise
be paid to the judgment debtor.
(b) Reserved.
(c) Reserved.
(d) The member or transferee whose transferable interest
is subject to a charging order under subsection (a) of this
section may extinguish the charging order by satisfying the
judgment and filing a certified copy of the satisfaction with
the court that issued the charging order.
(e) A limited liability company or one (1) or more members
whose transferable interests are not subject to the charging
order may pay to the judgment creditor the full amount due under
the judgment and thereby succeed to the rights of the judgment
creditor, including the charging order.
(f) This article does not deprive any member or transferee
of the benefit of any exemption laws applicable to the member's
or transferee's transferable interest.
(g) This section provides the exclusive remedy by which a
person seeking to enforce a judgment against a judgment debtor,
including any judgment debtor who may be the sole member,
dissociated member or transferee, may, in the capacity of the
judgment creditor, satisfy the judgment from the judgment
debtor's transferable interest or from the assets of the limited
liability company. Other remedies, including foreclosure on the
judgment debtor's limited liability interest and a court order
for directions, accounts and inquiries that the judgment debtor
might have made are not available to the judgment creditor
attempting to satisfy a judgment out of the judgment debtor's
interest in the limited liability company and may not be ordered
by the court.