On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the limited liability company interest of the member with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the limited liability company interest. This chapter does not deprive any member of the benefit of any exemption laws applicable to his limited liability company interest.
Mass. Gen. Laws ch. 156C, § 40
Judgment against member payable with interest in limited liability company
Known as the Massachusetts Limited Liability Company Act
The act spans §§ 156C-1 to 156C-9 (73 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.