§ 607. Rights of creditors of members. (a) On application to a court\nof competent jurisdiction by any judgment creditor of a member, the\ncourt may charge the membership interest of the member with payment of\nthe unsatisfied amount of the judgment with interest. To the extent so\ncharged, the judgment creditor has only the rights of an assignee of the\nmembership interest. This chapter does not deprive any member of the\nbenefit of any exemption laws applicable to his or her membership\ninterest.\n (b) No creditor of a member shall have any right to obtain possession\nof, or otherwise exercise legal or equitable remedies with respect to,\nthe property of the limited liability company.\n
N.Y. Ltd. Liab. Co. Law § 607
Rights of creditors of members
Applied in 3 court decisions — leading case 79 Madison LLC v. Ebrahimzadeh (2022)
Most recently applied in 79 Madison LLC v. Ebrahimzadeh (March 2022)
2014-09-22
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.