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Form a Business

Right to distribution.

R.I. Gen. Laws § 7-16-33
in effect
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7-16-33. Right to distribution. Unless otherwise provided in the operating agreement, at the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution. P.L. 1992, ch. 280, § 1.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-16/7-16-33.htmFetched: 10/20/2026

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