(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.
(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.
(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.
(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.
Structure West Virginia Code
Chapter 31B. Uniform Limited Liability Company Act
Article 4. Relations of Members to Each Other and to Limited Liability Company
§31B-4-401. Form of Contribution
§31B-4-402. Member's Liability for Contributions
§31B-4-403. Member's and Manager's Rights to Payments and Reimbursement
§31B-4-404. Management of Limited Liability Company
§31B-4-405. Sharing of and Right to Distributions
§31B-4-406. Limitations on Distributions
§31B-4-407. Liability for Unlawful Distributions
§31B-4-408. Member's Right to Information
§31B-4-409. General Standards of Member's and Manager's Conduct
§31B-4-410. Actions by Members
§31B-4-411. Continuation of Term Company After Expiration of Specified Term