2016 Delaware Code
Title 6 - Commerce and Trade
CHAPTER 18. LIMITED LIABILITY COMPANY ACT
Subchapter VI Distributions and Resignation
§ 18-606. Right to distribution.

6 DE Code § 18-606 (2016) What's This?

Subject to §§ 18-607 and 18-804 of this title, and unless otherwise provided in a limited liability company agreement, 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 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.

68 Del. Laws, c. 434, § 1; 70 Del. Laws, c. 186, § 1.;

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