Alaska Statutes 10.50.285 – Compromise of contribution obligation
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.50.285
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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.