2010 Utah Code
Title 48 - Partnership
Chapter 02c - Utah Revised Limited Liability Company Act
48-2c-902 - Assessments for additional contributions.

48-2c-902. Assessments for additional contributions.
Except as otherwise provided in the articles of organization, operating agreement, or other writing binding on the members, no additional contributions shall be required of any member and no member shall be subject to assessment for additional contributions to the company. Nevertheless, where an assessment obligation is provided for, the obligation shall not be construed as conferring any rights upon any creditor or upon any person not a party to the operating agreement.

Enacted by Chapter 260, 2001 General Session

Disclaimer: These codes may not be the most recent version. Utah 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.