When a member of a limited liability company is entitled to receive a distribution from the company, the member is a creditor of the company with respect to the distribution, and is entitled to all remedies available to a creditor of the company.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Sec. 10.50.290. Repayment of contribution and sharing of profits and other assets.
Sec. 10.50.295. Interim distributions under operating agreement.
Sec. 10.50.300. Interim distributions without operating agreement.
Sec. 10.50.305. Restrictions on distributions.
Sec. 10.50.315. Additional restrictions in articles or agreement.
Sec. 10.50.320. Liability of members receiving prohibited distributions; suit against members.
Sec. 10.50.330. Time for interim distributions.
Sec. 10.50.340. Distribution in kind.
Sec. 10.50.345. Right to distribution.
Sec. 10.50.348. Inapplicability to winding up and dissolution.