Compromise of contribution obligation
Known as the Alaska Revised Limited Liability Company Act
The act spans §§ 10–10 (147 sections).
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.
Article 9. Distributions.
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.