Del. Code tit. 6 § 18-606

Current through 2024 Legislative Session Act Chapter 269
Section 18-606 - Right to distribution

Subject to §§ 18-607 and 18-804 of this title, and unless otherwise provided in a limited liability company agreement, 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 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.

6 Del. C. § 18-606

68 Del. Laws, c. 434, §1; 70 Del. Laws, c. 186, § 1.;