Idaho § 30-23-404 LIABILITY FOR CONTRIBUTION

Idaho Statutes

§ 30-23-404 — LIABILITY FOR CONTRIBUTION

Idaho § 30-23-404

Title 30CORPORATIONS

Part 4RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP

Ch. 23GENERAL PARTNERSHIPS

This text of Idaho § 30-23-404 (LIABILITY FOR CONTRIBUTION) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-23-404 (2026).

Text

(a)A person’s obligation to make a contribution to a partnership is not excused by the person’s death, disability, termination, or other inability to perform personally.

(b)If a person does not fulfill an obligation to make a contribution other than money, the person is obligated at the option of the partnership to contribute money equal to the value of the part of the contribution which has not been made.

(c)The obligation of a person to make a contribution may be compromised only by the affirmative vote or consent of all the partners. If a creditor of a limited liability partnership extends credit or otherwise acts in reliance on an obligation described in subsection (a) of this section, without knowledge or notice of a compromise under this subsection, the creditor may enforce the ob

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A person’s obligation to make a contribution to a partnership is not excused by the person’s death, disability, termination, or other inability to perform personally.
(b) If a person does not fulfill an obligation to make a contribution other than money, the person is obligated at the option of the partnership to contribute money equal to the value of the part of the contribution which has not been made.
(c) The obligation of a person to make a contribution may be compromised only by the affirmative vote or consent of all the partners. If a creditor of a limited liability partnership extends credit or otherwise acts in reliance on an obligation described in subsection (a) of this section, without knowledge or notice of a compromise under this subsection, the creditor may enforce the obligation.