New York § 501 - 501Form of capital contributions
Full text of New York New York Consolidated Laws § 501 — 501Form of capital contributions, with citation guidance and answers to common questions.
§ 501. 501Form of capital contributions
§ 501. Form of capital contributions. The contribution of a member to the capital of a limited liability company may be in cash, property or services rendered or a promissory note or other obligation to contribute cash or property or to render services, or any combination of the foregoing.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 501
What does New York Consolidated Laws § 501 cover?
Section 501 ("501Form of capital contributions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 501?
A common citation format is "New York Consolidated Laws § 501" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 501 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.