N.Y. LLC Law § 607
This is the official text of N.Y. LLC Law § 607, 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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Rights of creditors of members
Official statutory text
§ 607. Rights of creditors of members. (a) On application to a court\nof competent jurisdiction by any judgment creditor of a member, the\ncourt may charge the membership interest of the member with payment of\nthe unsatisfied amount of the judgment with interest. To the extent so\ncharged, the judgment creditor has only the rights of an assignee of the\nmembership interest. This chapter does not deprive any member of the\nbenefit of any exemption laws applicable to his or her membership\ninterest.\n (b) No creditor of a member shall have any right to obtain possession\nof, or otherwise exercise legal or equitable remedies with respect to,\nthe property of the limited liability company.\n
Status: in_force · Read it on the official government site
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