2006 Ohio Revised Code - 1705.19. Rights of judgment creditor of member.

§ 1705.19. Rights of judgment creditor of member.
 

If any judgment creditor of a member of a limited liability company applies to a court of common pleas to charge the membership interest of the member with payment of the unsatisfied amount of the judgment with interest, the court may so charge the membership interest. To the extent the membership interest is so charged, the judgment creditor has only the rights of an assignee of the membership interest. Nothing in this chapter deprives a member of the member's statutory exemption. 
 

HISTORY: 145 v S 74. Eff 7-1-94; 151 v H 301, § 1, eff. 10-12-06.
 

Not analogous to former RC § 1705.19 (GC § 8673-16; 102 v 500; Bureau of Code Revision, 10-1-53), repealed 129 v 13(182), § 2, eff 7-1-62.

 

Effect of Amendments

151 v H 301, effective October 12, 2006, inserted "only" in the next to last sentence, and made gender neutral changes.