Section 770 CAMA 2020
Section 770 Companies and Allied Matters Act is about Form of contribution. It is under Chapter 5 (Contributions) of the Act.
(1) A partner’s contribution may consist of tangible, intangible,movable, immovable or property or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed.
(2) The monetary value of contribution of each partner shall be accounted for and disclosed in the accounts of the limited liability partnership in the manner as may be prescribed.
