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  • SECTION 506
    Right to distribution
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  • ARTICLE 5
    Contributions and Distributions
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  • SECTION 508
    Limitations on distributions
    • This entry was published on 2014-09-22
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    SECTION 507

    Interim distributions

    Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 5

    § 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.