57D-4-07. Right to distribution.
An interest owner who is entitled to receive a distribution has the status of and is entitled to all remedies available to a creditor of the LLC with respect to the distribution. (2013-157, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 57D - North Carolina Limited Liability Company Act
Article 4 - Contributions and Distributions.
§ 57D-4-01 - Form of contributions.
§ 57D-4-02 - Liability for contributions.
§ 57D-4-03 - Interim distributions.
§ 57D-4-04 - Distribution in kind.
§ 57D-4-05 - Restrictions on making distributions.