State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-2b > 42-2b-9

42:2B-9.     Members', managers' rights, obligations
    9.   Except as otherwise provided in an operating agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and transact other business with a limited liability company and, subject to other applicable law, has the same rights and obligations with respect to any such matter as a person who is not a member or manager.

   L.1993,c.210,s.9.

State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-2b > 42-2b-9

42:2B-9.     Members', managers' rights, obligations
    9.   Except as otherwise provided in an operating agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and transact other business with a limited liability company and, subject to other applicable law, has the same rights and obligations with respect to any such matter as a person who is not a member or manager.

   L.1993,c.210,s.9.