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.
Structure Delaware Code
Chapter 18. LIMITED LIABILITY COMPANY ACT
Subchapter I. General Provisions
§ 18-102. Name set forth in certificate.
§ 18-103. Reservation of name.
§ 18-104. Registered office; registered agent.
§ 18-106. Nature of business permitted; powers.
§ 18-107. Business transactions of member or manager with the limited liability company.
§ 18-109. Service of process on managers and liquidating trustees.
§ 18-110. Contested matters relating to managers; contested votes.
§ 18-111. Interpretation and enforcement of limited liability company agreement.
§ 18-112. Judicial cancellation of certificate of formation; proceedings.