Iowa Code 489.402 – Form of contribution
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 489.402
- Contribution: means any benefit provided by a person to a limited liability company that is any of the following:a. See Iowa Code 489.102
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- property: includes personal and real property. See Iowa Code 4.1
A contribution may consist of tangible or intangible property or other benefit to a limited liability company, including money, services performed, promissory notes, other agreements to contribute money or property, and contracts for services to be performed.