6 Del. C. § 18-606: Right to distribution.
Where this section sits in the code
- Title 6. Commerce and Trade
- SUBTITLE II
- Other Laws Relating to Commerce and Trade
- CHAPTER 18. Limited Liability Company Act
- Subchapter VI. Distributions and Resignation
Subject to §§ 18-607 and 18-804 of this title, and unless otherwise provided in a limited liability company agreement, at the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution. A limited liability company agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited liability company.
Collected 2026-09-05T23:02:07Z. Source file · JSON