{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-1037.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-1037.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-1037.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-1037.html"}],"law_id":346335,"edition_id":2,"section_id":346335,"structure_id":49734,"section_number":"13.1-1037","catch_line":"Right to distribution","history":"1991, c. 168.","full_text":"At the time a member becomes entitled to receive a distribution, he or it has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.\n\n","order_by":null,"text":{"0":{"id":1291043,"text":"At the time a member becomes entitled to receive a distribution, he or it has the status of, and is entitled to all remedies available to, a creditor of the limited liability company with respect to the distribution.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49734,"edition_id":2,"name":"Finance","identifier":"6","label":"article","depth":3,"order_by":6,"parent_id":49728,"metadata":{"child_laws":9,"child_structures":0},"date_created":"2026-08-02 02:14:06","date_modified":"2026-08-02 12:29:19","permalink":{"id":1375863,"object_type":"structure","relational_id":49734,"identifier":"6","token":"13.1\/12\/6","url":"\/13.1\/12\/6\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49728,"edition_id":2,"name":"Virginia Limited Liability Company Act","identifier":"12","label":"chapter","depth":2,"order_by":15,"parent_id":49726,"metadata":{"child_laws":156,"child_structures":16},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:18","permalink":{"id":1375353,"object_type":"structure","relational_id":49728,"identifier":"12","token":"13.1\/12","url":"\/13.1\/12\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346327,"structure_id":49734,"section_number":"13.1-1029","catch_line":"Sharing of profits and losses","url":"\/13.1-1029\/","token":"13.1\/12\/6\/13.1-1029","metadata":false},{"id":346328,"structure_id":49734,"section_number":"13.1-1030","catch_line":"Sharing of distributions","url":"\/13.1-1030\/","token":"13.1\/12\/6\/13.1-1030","metadata":false},{"id":346329,"structure_id":49734,"section_number":"13.1-1031","catch_line":"Interim distributions","url":"\/13.1-1031\/","token":"13.1\/12\/6\/13.1-1031","metadata":false},{"id":346330,"structure_id":49734,"section_number":"13.1-1032","catch_line":"Resignation of member","url":"\/13.1-1032\/","token":"13.1\/12\/6\/13.1-1032","metadata":false},{"id":346331,"structure_id":49734,"section_number":"13.1-1033","catch_line":"Repealed","url":"\/13.1-1033\/","token":"13.1\/12\/6\/13.1-1033","metadata":false},{"id":346332,"structure_id":49734,"section_number":"13.1-1034","catch_line":"Distribution in kind","url":"\/13.1-1034\/","token":"13.1\/12\/6\/13.1-1034","metadata":false},{"id":346333,"structure_id":49734,"section_number":"13.1-1035","catch_line":"Restrictions on making distribution","url":"\/13.1-1035\/","token":"13.1\/12\/6\/13.1-1035","metadata":false},{"id":346334,"structure_id":49734,"section_number":"13.1-1036","catch_line":"Liability upon wrongful distribution","url":"\/13.1-1036\/","token":"13.1\/12\/6\/13.1-1036","metadata":false},{"id":346335,"structure_id":49734,"section_number":"13.1-1037","catch_line":"Right to distribution","url":"\/13.1-1037\/","token":"13.1\/12\/6\/13.1-1037","metadata":false}],"previous_section":{"id":346334,"structure_id":49734,"section_number":"13.1-1036","catch_line":"Liability upon wrongful distribution","url":"\/13.1-1036\/","token":"13.1\/12\/6\/13.1-1036","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1037\/","history_text":"<p>This law was first created in 1991. The record of its establishment is cataloged in chapter 168 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":1375897,"object_type":"law","relational_id":346335,"identifier":"13.1-1037","token":"13.1\/12\/6\/13.1-1037","url":"\/13.1-1037\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-1037\/","token":"13.1\/12\/6\/13.1-1037","dublin_core":{"Title":"Right to distribution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1037","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>At the time a <span class=\"dictionary\">member<\/span> becomes entitled to receive a <span class=\"dictionary\">distribution<\/span>, he or it has the status of, and is entitled to all remedies available to, a <span class=\"dictionary\">creditor<\/span> of the <span class=\"dictionary\">limited liability company<\/span> with respect to the <span class=\"dictionary\">distribution<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nRIGHT TO DISTRIBUTION (\u00a7 13.1-1037)\n\nAt the time a member becomes entitled to receive a distribution, he or it has\nthe status of, and is entitled to all remedies available to, a creditor of the\nlimited liability company with respect to the distribution.\n\nHISTORY: 1991, c. 168.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}