Sec. 34-151. Liability for contribution.
Sec. 34-151. Liability for contribution. (a) A promise by a member to contribute
to the limited liability company is not enforceable unless set out in a writing signed by
the member.
(b) Except as provided in the operating agreement, a member is obligated to the
limited liability company to perform any enforceable promise to contribute cash or
property or to perform services, even if the member is unable to perform because of
death, disability or other reason.
(c) If a member does not make the required contribution of property or services,
the member is obligated, at the option of the limited liability company, to contribute
cash equal to that portion of value of the stated contribution that has not been made.
(d) Unless otherwise provided in the operating agreement, the obligation of a member to make a contribution may be compromised only with the unanimous consent of
the members.
(P.A. 93-267, S. 27.)