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: February 3, 2019