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The Laws of New York
Consolidated Laws of New York
CHAPTER 34
Limited Liability Company Law
ARTICLE 5
Contributions and Distributions
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ARTICLE 5
Contributions and Distributions
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SECTION 502
Liability for contributions
This entry was published on 2014-09-22
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SECTION 501
Form of capital contributions
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 5
§ 501. Form of capital contributions. The contribution of a member to
the capital of a limited liability company may be in cash, property or
services rendered or a promissory note or other obligation to contribute
cash or property or to render services, or any combination of the
foregoing.