A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member. A person who is both a manager and a member has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as provided in a limited liability company agreement, also has the rights and powers, and is subject to the restrictions and liabilities, of a member to the extent of the manager's participation in the limited liability company as a member.
Structure Delaware Code
Chapter 18. LIMITED LIABILITY COMPANY ACT
§ 18-401. Admission of managers.
§ 18-402. Management of limited liability company.
§ 18-403. Contributions by a manager.
§ 18-405. Remedies for breach of limited liability company agreement by manager.
§ 18-406. Reliance on reports and information by member or manager.