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2020 Delaware Code
Title 6 - Commerce and Trade
Chapter 18. Limited Liability Company Act
Subchapter I. General Provisions
§ 18-107 Business transactions of member or manager with the limited liability company.
Universal Citation: 6 DE Code § 18-107. (2020)
§ 18-107. Business transactions of member or manager with the limited liability company.
Except as provided in a limited liability company agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume 1 or more obligations of, provide collateral for, and transact other business with, a limited liability company and, subject to other applicable law, has the same rights and obligations with respect to any such matter as a person who is not a member or manager.
68 Del. Laws, c. 434, § 1; 69 Del. Laws, c. 260, § 4;
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