6 Del. C. § 18-107: Business transactions of member or manager with the limited liability company.
Where this section sits in the code
- Title 6. Commerce and Trade
- SUBTITLE II
- Other Laws Relating to Commerce and Trade
- CHAPTER 18. Limited Liability Company Act
- Subchapter I. General Provisions
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.
Collected 2026-09-05T23:02:07Z. Source file · JSON