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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

6 Del. C. § 18-107: Business transactions of member or manager with the limited liability company.

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Where this section sits in the code
  1. Title 6. Commerce and Trade
  2. SUBTITLE II
  3. Other Laws Relating to Commerce and Trade
  4. CHAPTER 18. Limited Liability Company Act
  5. 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

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