Section 10-9B-501 Form of contribution. - Alabama Statutes

Section 10-9B-501

Form of contribution.

REPEALED IN THE 2009 REGULAR SESSION BY ACT 2009-621, EFFECTIVE JANUARY 1, 2010. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

The contribution of a partner may be in cash, property, or services rendered, or a promissory note or other binding obligation to pay cash, to convey property, or to render services which a partner contributes as capital to a limited partnership in his or her capacity as partner.

(Act 97-921, 1st Ex. Sess., p. 335, §1.)