At the time a member becomes entitled to receive a distribution, he or it has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.
Va. Code Ann. § 13.1-1037
Right to distribution
Known as the Virginia Limited Liability Company Act
The act spans §§ 13–13 (156 sections).
1991, c. 168.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.