New Hampshire Revised Statutes 304-C:8 – Contribution
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 304-C:8
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
“Contribution” means any tangible or intangible property or benefit to the limited liability company, including cash, promissory notes, services performed, or to be performed, that a person contributes to a limited liability company in exchange for the member’s membership rights or otherwise in his or her capacity as a member.