Md. Code, Corp. & Ass'ns § 4A-405

Current with changes from the 2024 Legislative Session

Section 4A-405 - Business transactions of member with limited liability company

Unless otherwise agreed, a member may lend money to and transact other business with the limited liability company and has the same rights and obligations with respect to the transaction as a person who is not a member.

Md. Code, CA § 4A-405