Ind. Code § 23-18-4-12

Current through P.L. 171-2024

Section 23-18-4-12 - Business between company and member or manager

Except when prohibited in a written operating agreement, a member or manager may lend money to and transact other business with the limited liability company and, subject to other applicable law, has the same rights and obligations with respect to the transaction as a person who is not a member or manager.

IC 23-18-4-12

As added by P.L. 8-1993, SEC.301.