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 judgment with interest. To the extent charged, the judgment creditor has only the rights of an assignee of the membership interest. This chapter does not deprive any member of the benefit of any exemption laws applicable to that member’s membership interest.
R.I. Gen. Laws § 7-16-37
Rights of judgment creditor
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.