{"data":{"id":"us-nm/53-19-28","jurisdiction":"us-nm","citation":"53-19-28","heading":"Right to distribution.","body":"At the time a member becomes entitled to receive a distribution, the member has the status of and is entitled, with respect to the distribution, to all remedies available to a creditor of the limited liability company. A member to whom a limited liability company is indebted as a consequence of a distribution to such member, which is not prohibited by Section 26 [53-19-26 NMSA 1978] of the Limited Liability Company Act, shall be a creditor at parity with the limited liability company's other general unsecured creditors, except to the extent that the limited liability company's indebtedness to such member is subordinated by agreement.","path":["Chapter 53 - Corporations","ARTICLE 19 Limited Liability Companies"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"349edee6bc05d751d2e38ae060cdf624d0c5e68c9686ea246c97628dc876f24a","source_id":"us-nm","stale":false,"prev":"us-nm/53-19-27","next":"us-nm/53-19-29"},"notice":"GroundRules: Original legal text. Not legal advice."}