There Is a Newer Version
of
the Arizona Revised Statutes
2011 Arizona Revised Statutes
Title 29 Partnership
29-608 Business transactions of member or manager with limited liability company
Universal Citation:
AZ Rev Stat § 29-608 (1996 through 1st Reg Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
29-608. Business transactions of member or manager with limited liability company
Except as provided in an 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 those transactions as a person who is not a member or manager.
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