On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the membership 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 membership interest. This chapter shall not deprive any member of the benefit of any exemption laws applicable to the member’s membership interest.
ORS 63.259
Known as the Oregon Limited Liability Company Act
The act spans §§ 63–63 (137 sections).
Applied in 1 court decision — leading case Law ex rel. Robert M. Law Profit Sharing Plan v. Zemp (2016)
Most recently applied in Law ex rel. Robert M. Law Profit Sharing Plan v. Zemp (May 2016)
1993 c.173 §52
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.