Limited Liability Companies

ORS 63.259
Rights of judgment creditor against member


On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the membership interest of the member with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the membership interest. This chapter shall not deprive any member of the benefit of any exemption laws applicable to the member’s membership interest. [1993 c.173 §52]

Notes of Decisions

Court may include in charging order ancillary provisions necessary to allow judgment creditor access to debtor-partner's distributional interest in limited liability company as long as provisions do not unduly interfere with management of entity. Law v. Zemp, 362 Or 302, 408 P3d 1045 (2018)

Chapter 63

Law Review Citations

30 WLR 291 (1994); 73 OLR 5, 25, 43, 133, 151 (1994)


Source

Last accessed
Jun. 26, 2021