N.Y. Limited Liability Company Law Section 501
Form of capital contributions

The contribution of a member to the capital of a limited liability company may be in cash, property or services rendered or a promissory note or other obligation to contribute cash or property or to render services, or any combination of the foregoing.

Source: Section 501 — Form of capital contributions, https://www.­nysenate.­gov/legislation/laws/LLC/501 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 501’s source at nysenate​.gov

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