Unless otherwise provided in the operating agreement, at the time 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.
R.I. Gen. Laws § 7-16-33
Right to distribution
Known as the Rhode Island Limited Liability Company Act
The act spans §§ 7–7 (87 sections).
P.L. 1992, ch. 280, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.