Which of the following is true of capital contribution to an LLC?
A) Capital contribution can only be in the form of money or tangible property.
B) Promissory notes are not considered capital contribution.
C) A member's obligation to contribute capital is excused by the member's disability or other inability to perform.
D) A member's obligation to contribute capital is not excused by the member's death.
Correct Answer:
Verified
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