Va. Code § 13.1-1026

Current with changes from the 2024 legislative session through ch. 845
Section 13.1-1026 - Business transactions of members or managers with the limited liability company

Except as provided in the articles of organization or an operating agreement, a member or manager may lend money to and transact other business with the limited liability company and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a member or manager.

Va. Code § 13.1-1026

1991, c. 168.
Amended by Acts 1991, § c. 168.