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2018 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 (2018)
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29-608. Business transactions of member or manager with limited liability company
(Rpld. 9/1/20)
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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