New York LLC Code § 501

Form of capital contributions
Open in Lexace · Ask the AI about this section
§ 501. Form of capital contributions. The contribution of a member to\nthe capital of a limited liability company may be in cash, property or\nservices rendered or a promissory note or other obligation to contribute\ncash or property or to render services, or any combination of the\nforegoing.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.