17-7669.   Business transactions of member or managerwith the limited liability company.Exceptas provided in an operating agreement, a member or managermay lendmoney to, borrow money from, act as a surety, guarantor or endorser for,guarantee or assume oneor more obligations of, provide collateral for, and transact other businesswith, a limited liabilitycompany and, subject to other applicable law, has the same rights andobligations with respect to anysuch matter as a person who is not a member or manager.

      History:   L. 1999, ch. 119, § 8; Jan. 1, 2000.