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§ 4A-505. Member's status as creditor

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2012

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 5. Finance
Effective: October 1, 2012
MD Code, Corporations and Associations, § 4A-505
§ 4A-505. Member's status as creditor
Unless otherwise agreed, a member of a limited liability company who becomes entitled to receive a distribution has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.

Credits

Added by Acts 1992, c. 536. Amended by Acts 1997, c. 659, § 1, eff. Oct. 1, 1997. Renumbered from Corporations and Associations § 4A-507 by Acts 1997, c. 659, § 2, eff. Oct. 1, 1997. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.
MD Code, Corporations and Associations, § 4A-505, MD CORP & ASSNS § 4A-505
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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