Statute · New York Limited Liability Company Law
N.Y. Ltd. Liab. Co. Law § 501 — Form of capital contributions
N.Y. Ltd. Liab. Co. Law § 501
- Type
- Statute
- Source
- New York Limited Liability Company Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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.
Citator
N.Y. Ltd. Liab. Co. Law § 501 — Form of capital contributions is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.