(a) 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.
(b) A creditor of a limited liability company who extends credit or otherwise acts in reliance on an obligation described in subsection (a) of this section, and without notice of any compromise under section 4-404(c)(5), may enforce the original obligation.
Structure West Virginia Code
Chapter 31B. Uniform Limited Liability Company Act
Article 4. Relations of Members to Each Other and to Limited Liability Company
§31B-4-401. Form of Contribution
§31B-4-402. Member's Liability for Contributions
§31B-4-403. Member's and Manager's Rights to Payments and Reimbursement
§31B-4-404. Management of Limited Liability Company
§31B-4-405. Sharing of and Right to Distributions
§31B-4-406. Limitations on Distributions
§31B-4-407. Liability for Unlawful Distributions
§31B-4-408. Member's Right to Information
§31B-4-409. General Standards of Member's and Manager's Conduct
§31B-4-410. Actions by Members
§31B-4-411. Continuation of Term Company After Expiration of Specified Term