Miss. Code § 79-29-607

Current through the 2024 Regular Session
Section 79-29-607 - Right to distribution

Subject to Sections 79-29-609 and 79-29-813, 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. An operating agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company.

Miss. Code § 79-29-607

Laws, 2010, ch. 532, § 1, eff. 1/1/2011.