Sec. 10.50.285. Compromise of contribution obligation.
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/ak/title-10/chapter-50/10-50-285A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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 9. Distributions.