Sec. 9. 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.
As added by P.L.8-1993, SEC.301.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18. Limited Liability Companies
23-18-5-1. Promises to Contribute Property or Services; Enforceability
23-18-5-3. Allocation of Profits and Losses
23-18-5-4. Shared Distributions of Cash or Other Assets
23-18-5-5. Dissociation; Companies Existing on or Before June 30, 1999
23-18-5-5.1. Dissociation; Companies Formed After June 30, 1999
23-18-5-7. Unlawful Distributions; Liability
23-18-5-8. Distributions in Kind
23-18-5-9. Status of Member Entitled to Receive Distribution