§ 25.15.230. Right to distribution
Subject to RCW 25.15.235 and 25.15.300, and unless otherwise provided in a limited liability company agreement, at the time a member becomes entitled to receive a distribution, he or she has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution. A limited liability company agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company.
[1994 c 211 § 604.]
Sections: Previous 25.15.190 25.15.195 25.15.200 25.15.205 25.15.215 25.15.220 25.15.225 25.15.230 25.15.235 25.15.245 25.15.250 25.15.255 25.15.260 25.15.270 25.15.275 NextLast modified: April 7, 2009