GroundRules
Va. Code § 13.1-1026: Business transactions of members or managers with the limited liability company
Where this section sits in the code
- Title 13.1. CORPORATIONS
- Chapter 12. VIRGINIA LIMITED LIABILITY COMPANY ACT
- Article 5. RELATIONSHIP OF MEMBERS TO EACH OTHER
Except as provided in the articles of organization or 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 thereto as a person who is not a member or manager.1991, c. 168.
Collected 2026-09-04T15:14:14Z. Source file · JSON