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2023 Indiana Code
Title 23. Business and Other Associations
Article 18. Limited Liability Companies
Chapter 6. Membership
23-18-6-7. Judgment Creditors of Members; Rights
Universal Citation:
IN Code § 23-18-6-7 (2023)
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Sec. 7. (a) On application to a court with jurisdiction by a judgment creditor of a member, the court may charge the interest of the member in the limited liability company with the payment of the unsatisfied amount of the judgment with interest.
(b) To the extent the court charges under subsection (a), the judgment creditor has only the rights of an assignee of the member's interest in the limited liability company.
(c) This article does not deprive a member of the benefit of any exemption laws applicable to the member's interest in the limited liability company.
As added by P.L.8-1993, SEC.301.
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