805 ILCS 180/ Limited Liability Company Act.

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805 ILCS 180/Art. 20

(805 ILCS 180/Art. 20 heading) Article 20.

Finance

805 ILCS 180/20-1

(805 ILCS 180/20-1)

Sec. 20-1.

Form of contribution.

The contribution
of a member may be in cash, property, services rendered, or
a promissory note or other obligation to contribute cash or
property or to perform services.

(Source: P.A. 87-1062.)

805 ILCS 180/20-5

(805 ILCS 180/20-5)

Sec. 20-5.

Member's liability for contributions.

(a) (Blank).

(b) (Blank).

(c) A member's obligation to contribute money, property, or other benefit
to, or
to perform services for, a limited liability company is not
excused by the member's death, disability, or other inability to perform
personally.  If a member does not make the required contribution of property
or services, the member is obligated at the option of the company to contribute
money equal to the value of that portion of the stated contribution
which has not been made.

(d) A creditor of a limited liability company who extends credit or
otherwise acts in reliance on an obligation described in subsection (c),
and
without notice of any compromise under subdivision (4) of subsection (c) of
Section 15-1, may enforce the
original obligation.

(Source: P.A. 90-424, eff. 1-1-98.)

805 ILCS 180/20-10

(805 ILCS 180/20-10)

Sec. 20-10.

(Repealed).

(Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)

805 ILCS 180/20-15

(805 ILCS 180/20-15)

Sec. 20-15.

(Repealed).

(Source: P.A. 87-1062. Repealed by P.A. 90-424, eff. 1-1-98.)