State Codes and Statutes

Statutes > Mississippi > Title-79 > 29 > 79-29-703

§ 79-29-703. Rights of creditor.
 

On application to a court of competent jurisdiction by a judgment creditor of a member, the court may charge the limited liability company interest of the member with payment of the unsatisfied amount of the judgment, with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the limited liability company interest. This article does not deprive any member of the benefit of any exemption laws applicable to his limited liability company interest. 
 

Sources: Laws,  1994, ch. 402, § 45, eff from and after July 1, 1994.

 

State Codes and Statutes

Statutes > Mississippi > Title-79 > 29 > 79-29-703

§ 79-29-703. Rights of creditor.
 

On application to a court of competent jurisdiction by a judgment creditor of a member, the court may charge the limited liability company interest of the member with payment of the unsatisfied amount of the judgment, with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the limited liability company interest. This article does not deprive any member of the benefit of any exemption laws applicable to his limited liability company interest. 
 

Sources: Laws,  1994, ch. 402, § 45, eff from and after July 1, 1994.

 


State Codes and Statutes

State Codes and Statutes

Statutes > Mississippi > Title-79 > 29 > 79-29-703

§ 79-29-703. Rights of creditor.
 

On application to a court of competent jurisdiction by a judgment creditor of a member, the court may charge the limited liability company interest of the member with payment of the unsatisfied amount of the judgment, with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the limited liability company interest. This article does not deprive any member of the benefit of any exemption laws applicable to his limited liability company interest. 
 

Sources: Laws,  1994, ch. 402, § 45, eff from and after July 1, 1994.