{"data":{"id":"us-ny/n.y.-limited-liability-company-law-506","jurisdiction":"us-ny","citation":"N.Y. Limited Liability Company Law § 506","heading":"Right to distribution","body":"§ 506. Right to distribution. Subject to sections five hundred eight\nand seven hundred four of this chapter, at the time a member becomes\nentitled to receive a distribution, such member has the status of, and\nis entitled to all remedies available to, a creditor of the limited\nliability company with respect to the distribution.","path":["Limited Liability Company Law","Article 5. Contributions and Distributions"],"source_url":"https://legislation.nysenate.gov/api/3/laws/LLC/506","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"a0a8723b4a4438d224c68c674f4bdf748cf69660ab51644de3954fb7cb0e8785","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-limited-liability-company-law-505","next":"us-ny/n.y.-limited-liability-company-law-507"},"notice":"GroundRules: Original legal text. Not legal advice."}