When 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.
ORS 63.225
Known as the Oregon Limited Liability Company Act
The act spans §§ 63–63 (137 sections).
Applied in 2 court decisions — leading case 317 Or. App. 440 - Phillips Sisson Industries, Inc. v. Hysell (2022)
Most recently applied in 317 Or. App. 440 - Phillips Sisson Industries, Inc. v. Hysell (February 2022)
1993 c.173 §45
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.