30-6-403 LIABILITY FOR CONTRIBUTIONS. - Idaho Statutes

TITLE 30

CORPORATIONS

CHAPTER 6

IDAHO UNIFORM LIMITED LIABILITY COMPANY ACT

PART 4.

RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY

30-6-403. Liability for contributions. (1) A person’s obligation to make a contribution to a limited liability company is not excused by the person’s death, disability, or other inability to perform personally. If a person does not make a required contribution, the person or the person’s estate 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) of this section may enforce the obligation.