Charging Order

Acharging order only allows a creditor the right to attach distributions rather than allowing a creditor to succeed to all of the ownership rights of a partnership interest. Partnership law with respect to creditor rights and subsequently, limited liability company (LLC) law, developed differently than corporate law. A creditor of a partnership or LLC does not receive any voting rights. With a charging

Acharging order only allows a creditor the right to attach distributions rather than allowing a creditor to succeed to all of the ownership rights of a partnership interest. Partnership law with respect to creditor rights and subsequently, limited liability company (LLC) law, developed differently than corporate law. A creditor of a partnership or LLC does not receive any voting rights. With a charging order, the creditor is left with a right to distributions; however, the creditor has

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