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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 57D-4-02: Liability for contributions.

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Where this section sits in the code
  1. Chapter 57D. North Carolina Limited Liability Company Act.
  2. Article 4. Contributions and Distributions.

If an interest owner has contributed a promissory note or other obligation to transfer money or other property, to perform services, or to provide other benefits to the LLC and the interest owner would but for this section be excused from the performance of that obligation by reason of the interest owner's death or disability or other supervening impossibility or impracticability of performance under contract or other applicable law, the LLC may require the interest owner to pay to the LLC an amount of money equal to the value of the unperformed portion of the promised performance or exercise remedies available under other applicable law. (2013-157, s. 2.)

Collected 2026-08-27T18:06:47Z. Source file · JSON

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