2011 Idaho Code
TITLE 30 CORPORATIONS
CHAPTER 6 IDAHO UNIFORM LIMITED LIABILITY COMPANY ACT
PART 4. RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY
30-6-403 LIABILITY FOR CONTRIBUTIONS.


ID Code § 30-6-403 (2011 through Reg Sess) What's This?

30-6-403. Liability for contributions. (1) 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. 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 company.

(2) A creditor of a limited liability company which extends credit or otherwise acts in reliance on an obligation described in subsection (1) of this section may enforce the obligation.

Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.