At the time a member becomes entitled to receive a distribution, the member shall have the status of, and shall be entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.
KRS 275.235
Member's rights and remedies when entitled to receive a distribution
Known as the Kentucky Limited Liability Company Act
The act spans §§ 275.001 to 275.540 (110 sections).
Effective: July 15, 1994 History: Created 1994 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.