State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-236 > 48-236-104

48-236-104. Status as a creditor.

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 general, unsecured creditor of the LLC with respect to the distribution. The articles or an operating agreement may provide for the establishment of a record date with respect to allocations and distributions by an LLC.

[Acts 1994, ch. 868, § 1.]  

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-236 > 48-236-104

48-236-104. Status as a creditor.

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 general, unsecured creditor of the LLC with respect to the distribution. The articles or an operating agreement may provide for the establishment of a record date with respect to allocations and distributions by an LLC.

[Acts 1994, ch. 868, § 1.]  


State Codes and Statutes

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-236 > 48-236-104

48-236-104. Status as a creditor.

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 general, unsecured creditor of the LLC with respect to the distribution. The articles or an operating agreement may provide for the establishment of a record date with respect to allocations and distributions by an LLC.

[Acts 1994, ch. 868, § 1.]