Alaska Statutes.
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Section 285. Compromise of Contribution Obligation.
previous: Section 280. Liability For Contributions.
next: Section 290. Repayment of Contribution and Sharing of Profits and Other Assets.

AS 10.50.285. Compromise of Contribution Obligation.

Unless otherwise provided in an operating agreement of the company, the obligation of a member to make a contribution to a limited liability company may not be compromised, unless all of the other members consent to the compromise.

Article 09. DISTRIBUTIONS

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