2005 Idaho Code - 53-627 — LIABILITY FOR CONTRIBUTIONS

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-627.  LIABILITY FOR CONTRIBUTIONS. (1) A promise by a member to
contribute to the limited liability company is not enforceable unless set
forth in a writing signed by the member.
    (2)  Unless otherwise provided in an 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.
    (3)  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 the value of the stated
contribution that has not been made.
    (4)  Unless otherwise provided in an operating agreement, the obligation
of a member to make a contribution may be compromised only with the unanimous
consent of the members.