2011 Utah Code
Title 48 Partnership
Chapter 3 Utah Revised Uniform Limited Liability Company Act
Section 403 (Effective 07/01/12) Liability for contributions.

48-3-403 (Effective 07/01/12). Liability for contributions.
(1) (a) A person's obligation to make a contribution to a limited liability company is not excused by the person's death, disability, or other inability to perform personally.
(b) If a person does not make a required contribution, the person or the person's estate is obligated to contribute money equal to the value of the part of the contribution which has not been made, at the option of the limited liability company.
(c) Notwithstanding the other provisions of this Subsection (1), the operating agreement of a limited liability company may allow a person's obligation to make a contribution to be excused by the person's death.
(2) A creditor of a limited liability company which extends credit or otherwise acts in reliance on an obligation described in Subsection (1) may enforce the obligation.

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