Right to distribution

O.C.G.A. § 14-11-409, under FINANCE.

O.C.G.A. § 14-11-409

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 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