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Tex. Business Organizations Code § 101.207

CREDITOR STATUS WITH RESPECT TO DISTRIBUTION

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 101.207, CREDITOR STATUS WITH RESPECT TO DISTRIBUTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583889
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Subject to Sections 11.053 and 101.206, when a member of a limited liability company is entitled to receive a distribution from the company, the member, with respect to the distribution, has the same status as a creditor of the company and is entitled to any remedy available to a creditor of the company.