2021 New York Laws
LLC - Limited Liability Company Law
Article 6 - Members and Membership
607 - Rights of Creditors of Members.

Universal Citation: NY LLC L § 607 (2021)
§  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

(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.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.