New York Consolidated Laws, Limited Liability Company Law - LLC § 507. Interim distributions

Except as provided in this chapter, to the extent and at the times or upon the happening of events specified in the operating agreement, a member is entitled to receive distributions from a limited liability company before his or her withdrawal from the limited liability company and before the dissolution and winding up of the limited liability company.

Cite this article: FindLaw.com - New York Consolidated Laws, Limited Liability Company Law - LLC § 507. Interim distributions - last updated January 01, 2021 | https://codes.findlaw.com/ny/limited-liability-company-law/llc-sect-507.html


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