2013 New York Consolidated Laws
LLC - Limited Liability Company Law
Article 6 - (601 - 611) MEMBERS AND MEMBERSHIP
607 - Rights of creditors of members.


NY LLC L § 607 (2012) What's This?
 
    §  607.  Rights of creditors of members. (a) On application to a court
  of competent jurisdiction by any judgment  creditor  of  a  member,  the
  court  may  charge the membership interest of the member with payment of
  the unsatisfied amount of the judgment with interest. To the  extent  so
  charged, the judgment creditor has only the rights of an assignee of the
  membership  interest.    This chapter does not deprive any member of the
  benefit of any exemption  laws  applicable  to  his  or  her  membership
  interest.
    (b)  No creditor of a member shall have any right to obtain possession
  of, or otherwise exercise legal or equitable remedies with  respect  to,
  the property of the limited liability company.

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