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The Laws of New York
Consolidated Laws of New York
CHAPTER 34
Limited Liability Company Law
ARTICLE 5
Contributions and Distributions
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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.