§ 57C-4-01. Contributions to capital. - North Carolina Statutes

Article4.

Finance.

§ 57C‑4‑01. Contributions to capital.

The contribution of a membermay be in the form of any tangible or intangible property or benefit to thelimited liability company that a person contributes in cash, property, servicesrendered, promissory notes, or other binding obligation to contribute cash orproperty or to render services.  Except as provided in an operating agreement,in the case of noncash contributions, the value of the contribution to thelimited liability company shall be the fair market value of the contribution onthe date it is made, as agreed to by the limited liability company and thecontributor. (1993, c. 354, s. 1.)