Sec. 7. (a) On application to a court with
jurisdiction by a
judgment creditor of a member, the court may charge the interest of the member in the limited liability company with the payment of the unsatisfied amount of the judgment with interest.
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Terms Used In Indiana Code 23-18-6-7
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(c) This article does not deprive a member of the benefit of any exemption laws applicable to the member’s interest in the limited liability company.
As added by P.L.8-1993, SEC.301.
