6 Del. C. § 18-606

Right to distribution.

Last amended: 1995Year: 2026Length: 81 wordsOfficial source
Subject to §§ 18-607 and 18-804 of this title, and unless otherwise provided in a limited liability company 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 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.
6 Del. C. § 18-606: Right to distribution. | Justis AI