{"data":{"id":"us-tx/tex.-business-organizations-code-101.207","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.207","heading":"CREDITOR STATUS WITH RESPECT TO DISTRIBUTION.","body":"Subject to Sections 11.053 and 101.206, when a member of a limited liability company is entitled to receive a distribution from the company, the member, with respect to the distribution, has the same status as a creditor of the company and is entitled to any remedy available to a creditor of the company.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 3. LIMITED LIABILITY COMPANIES","CHAPTER 101. LIMITED LIABILITY COMPANIES","SUBCHAPTER E. ALLOCATIONS AND DISTRIBUTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.207","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"27155e9957b8824057636f651762e97393728ec20b763ec19299af3c28afc4bf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.206","next":"us-tx/tex.-business-organizations-code-101.208"},"notice":"GroundRules: Original legal text. Not legal advice."}