Nebraska § 21-132 Liability for contributions

Nebraska Statutes

§ 21-132 — Liability for contributions

Nebraska § 21-132

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-132 (Liability for contributions) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-132 (2026).

Text

(RULLCA 403) (a) A person's obligation to make a contribution to a limited liability company is not excused by 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's estate is obligated to contribute money equal to the value of the part of the contribution which has not been made, at the option of the company.

(b)A creditor of a limited liability company which extends credit or otherwise acts in actual reliance on an obligation described in subsection (a) of this section may enforce the obligation.

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

(RULLCA 403) (a) A person's
obligation to make a contribution to a limited liability company is not excused
by 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's
estate is obligated to contribute money equal to the value of the part of
the contribution which has not been made, at the option of the company.
(b) A creditor of a limited
liability company which extends credit or otherwise acts in actual reliance
on an obligation described in subsection (a) of this section may enforce the
obligation.