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New York Limited Liability Company Law Section 507 - Interim Distributions.

Legal Research Home > New York Lawyer > Limited Liability Company > New York Limited Liability Company Law Section 507 - Interim Distributions.

    § 507.  Interim distributions. Except as provided in this chapter, to
  the extent and at the times or upon the happening of events specified in
  the operating agreement, a member is entitled to  receive  distributions
  from  a  limited liability company before his or her withdrawal from the
  limited liability company and before the dissolution and winding  up  of
  the limited liability company.

Last modified: August 10, 2006