N.D. Cent. Code § 10-32.1-29
This is the official text of N.D. Cent. Code § 10-32.1-29, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-32.1-29. Liability for contributions
Official statutory text
10-32.1-29. Liability for contributions
1. The obligation of a person to make a contribution to a limited liability company is not
excused by the death, disability, or other inability of the person to perform personally. If
a person does not make a required contribution, then the person or the estate of the
person 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 may enforce the obligation.
1. The obligation of a person to make a contribution to a limited liability company is not
excused by the death, disability, or other inability of the person to perform personally. If
a person does not make a required contribution, then the person or the estate of the
person 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 may enforce the obligation.
Status: in_force · Read it on the official government site
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