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 1148 14-11-502 creditor of the limited liability company with respect to the distribution. (Code 1981, § 14-11-409, enacted by Ga. L. 1993, p. 123, § 1.) ARTICLE 5 LIMITED LIABILITY COMPANY INTERESTS; ADMISSION OF MEMBERS 14-11-501. Nature of limited liability company interest.
Right to distribution
O.C.G.A. § 14-11-409 — under Corporations, Partnerships, and Associations.
O.C.G.A. § 14-11-409