Which of the following is true of capital contribution to an LLC (limited liability company) ?
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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