Massachusetts General Laws ch. 156C sec. 27 – Contributions of members
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Section 27. The contribution of a member to 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 perform services.
Terms Used In Massachusetts General Laws ch. 156C sec. 27
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.