CREDITOR STATUS WITH RESPECT TO DISTRIBUTION.

Tex. BUS. ORGS Code § 101.207.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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