Statute · New York Limited Liability Company Law
N.Y. Ltd. Liab. Co. Law § 507 — Interim distributions
N.Y. Ltd. Liab. Co. Law § 507
- Type
- Statute
- Source
- New York Limited Liability Company Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Ltd. Liab. Co. Law § 507 — Interim distributions is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.