defaultValue is restricted to the following types: Boolean, SByte, Int16, Int32, Int64, Byte, UInt16, UInt32, UInt64, Single, Double, DateTime, Char, String, and Enum. If the field type is a reference type, CLS compliance requires defaultValue to be null. However, starting with the net_v40_long, defaultValue can be non-null for a reference type as long as the value can be assigned to that reference type. For example, an Int32 value can be assigned to a field of type object. This is not CLS-compliant, but it can be useful in interop scenarios.