South Carolina Code 33-44-401. Form of contribution
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 33-44-401
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
A contribution of a member of a limited liability company may consist of tangible or intangible property or other benefit to the company, including money, promissory notes, services performed, or other agreements to contribute cash or property, or contracts for services to be performed.