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2012 Utah Code
Title 48 - Partnership
Article 2c - Utah Revised Limited Liability Company Act
Section 902 - Assessments for additional contributions.
Universal Citation:
UT Code ยง 48-2c-902 (2012)
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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
Repealed by Chapter 353, 2011 General Session
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