347.093. Member or manager may lend money and transact business. — Except as provided in the operating agreement, a member or manager may lend money to and transact 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.
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(L. 1993 S.B. 66 & 20 § 359.752)
Effective 12-01-93
---- end of effective 01 Dec 1993 ----
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