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.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 29 - Revised Mississippi Limited Liability Company Act
§ 79-29-601. Distributions generally and interim distributions
§ 79-29-603. Distribution upon withdrawal of member
§ 79-29-605. Distribution in kind