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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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CORPORATIONS AND ASSOCIATIONS |
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TITLE 4A. LIMITED LIABILITY COMPANY ACT |
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SUBTITLE 4. RELATIONSHIP OF MEMBERS TO EACH OTHER |
§ 4A-405. Business transactions of member with limited liability company
Latest version.
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Unless otherwise agreed, a member may lend money to and transact other business with the limited liability company and has the same rights and obligations with respect to the transaction as a person who is not a member.