17-76,113

Chapter 17.--CORPORATIONS
Article 76.--LIMITED LIABILITY COMPANIES

      17-76,113.   Rights of judgment creditor.On application to a court of competent jurisdiction by anyjudgment creditor of amember, the court may charge the limited liability company interest of themember with paymentof the unsatisfied amount of the judgment with interest. To the extent socharged, the judgmentcreditor has only the rights of an assignee of the limited liability companyinterest. This act does notdeprive any member of the benefit of any exemption laws applicable to themember's limitedliability company interest. The rights provided by this section to thejudgment creditor shall be thesole and exclusive remedy of a judgment creditor with respect to the member'slimited liabilitycompany interest.

      History:   L. 1999, ch. 119, § 52; Jan. 1, 2000.