N.Y. Limited Liability Company Law § 507
Current through 2024 NY Law Chapters 1-49, 52, and 61-117
Except as provided in this chapter, to the extent and at the times or upon the happening of events specified in the operating agreement, a member is entitled to receive distributions from a limited liability company before his or her withdrawal from the limited liability company and before the dissolution and winding up of the limited liability company.
N.Y. Limited Liability Company Law Law § 507