P.R. Laws tit. 14, § 3974
2019-02-20 00:00:00+00
A manager of an LLC may make contributions to the LLC and share in the profits and losses of, and in distributions from, the LLC 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 otherwise provided in an LLCA, 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 LLC as a member.
History —Dec. 16, 2009, No. 164, § 19.24.