State Codes and Statutes

Statutes > Washington > Title-25 > 25-15 > 25-15-230

Right to distribution.

Subject to RCW 25.15.235 and 25.15.300, and unless otherwise provided in a limited liability company agreement, at the time a member becomes entitled to receive a distribution, he or she 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.

[1994 c 211 § 604.]

State Codes and Statutes

Statutes > Washington > Title-25 > 25-15 > 25-15-230

Right to distribution.

Subject to RCW 25.15.235 and 25.15.300, and unless otherwise provided in a limited liability company agreement, at the time a member becomes entitled to receive a distribution, he or she 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.

[1994 c 211 § 604.]


State Codes and Statutes

State Codes and Statutes

Statutes > Washington > Title-25 > 25-15 > 25-15-230

Right to distribution.

Subject to RCW 25.15.235 and 25.15.300, and unless otherwise provided in a limited liability company agreement, at the time a member becomes entitled to receive a distribution, he or she 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.

[1994 c 211 § 604.]