{"data":{"id":"us-ma/mass.-gen.-laws-ch.-156c-7","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 156C, § 7","heading":"Transaction of business between member or manager and limited liability company","body":"Section 7. Except as provided in a written operating agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more specific 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.","path":["Part I","Title XXII","Chapter 156C"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156C/Section7","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:39Z","sha256":"dd5f7e3d17b368cb3cbfe1f4936ff6fa6c1fadf834e844aacd1c211e26a50dc8","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-156c-6","next":"us-ma/mass.-gen.-laws-ch.-156c-8"},"notice":"GroundRules: Original legal text. Not legal advice."}