State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-132

21-132. Liability for contributions.(ULLCA 403) (a) A person'sobligation to make a contribution to a limited liability company is not excusedby the person's death, disability, or other inability to perform personally.If a person does not make a required contribution, the person or the person'sestate is obligated to contribute money equal to the value of the part ofthe contribution which has not been made, at the option of the company.(b) A creditor of a limitedliability company which extends credit or otherwise acts in actual relianceon an obligation described in subsection (a) of this section may enforce theobligation. SourceLaws 2010, LB888, § 32.Operative Date: January 1, 2011