GEORGIA CODE (Last Updated: August 20, 2013) |
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS |
Chapter 11. LIMITED LIABILITY COMPANIES |
Article 4. FINANCE |
Section 14-11-409. Right to distribution
Latest version.
- At the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.
Code 1981, § 14-11-409, enacted by Ga. L. 1993, p. 123, § 1.