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13 chapters · 955 sections in this title.
AS 10.50.280 Liability for contributions.
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(a) Notwithstanding AS 09.25.010 — 09.25.020, a promise by a member of a limited liability company to contribute property or services to the company is not enforceable unless the promise is stated in a writing signed by the member. (b) Unless otherwise provided in an operating ag…
AS 10.50.285 Compromise of contribution obligation.
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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.
AS 10.50.290 Repayment of contribution and sharing of profits and other assets.
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Subject to AS 10.50.305 — 10.50.320, and unless otherwise provided in an operating agreement of the company, a member of a limited liability company shall be repaid the member's contribution to capital and shares equally in the profits and other assets of the company remaining af…
AS 10.50.295 Interim distributions under operating agreement.
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Subject to AS 10.50.305 — 10.50.320, if a limited liability company makes an interim distribution of its assets to its members, the company shall make the distribution to the members in the manner provided in an operating agreement of the company. The operating agreement of the c…