N.Y. LLC Law § 507
This is the official text of N.Y. LLC Law § 507, part of New York’s LLC Law — part of the compiled statutory law of New York, published by the state as "LLC Law." Browse the sections below, each linked to its official government source.
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Interim distributions
Official statutory text
§ 507. Interim distributions. Except as provided in this chapter, to\nthe extent and at the times or upon the happening of events specified in\nthe operating agreement, a member is entitled to receive distributions\nfrom a limited liability company before his or her withdrawal from the\nlimited liability company and before the dissolution and winding up of\nthe limited liability company.\n
Status: in_force · Read it on the official government site
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