{"data":{"id":"us-wv/w.-va.-code-31b-4-403","jurisdiction":"us-wv","citation":"W. Va. Code § 31B-4-403","heading":"Member's and manager's rights to payments and reimbursement.","body":"(a) A limited liability company shall reimburse a member or manager for payments made and indemnify a member or manager for liabilities incurred by the member or manager in the ordinary course of the business of the company or for the preservation of its business or property.\n(b) A limited liability company shall reimburse a member for an advance to the company beyond the amount of contribution the member agreed to make.\n(c) A payment or advance made by a member which gives rise to an obligation of a limited liability company under subsection (a) or (b) of this section constitutes a loan to the company upon which interest accrues from the date of the payment or advance.\n(d) A member is not entitled to remuneration for services performed for a limited liability company, except for reasonable compensation for services rendered in winding up the business of the company.","path":["CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.","ARTICLE 4. RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY."],"source_url":"https://code.wvlegislature.gov/31B-4-403/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:28:00Z","sha256":"73802374e71255fbd6dba9047e13d254fc25a045337b205599c66090819a8ad5","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-31b-4-402","next":"us-wv/w.-va.-code-31b-4-404"},"notice":"GroundRules: Original legal text. Not legal advice."}