N.Y. LLC Law § 611
This is the official text of N.Y. LLC Law § 611, part of New York’s LLC Law — part of the compiled statutory law of New York, published by the state as "LLC Law." Browse the sections below, each linked to its official government source.
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Business transactions of a member with the limited liability company
Official statutory text
§ 611. Business transactions of a member with the limited liability\ncompany. Except as may be provided in the operating agreement, a member\nmay lend money to, borrow money from, act as a guarantor or surety for,\nprovide collateral for the obligations of and transact other business\nwith the limited liability company and, subject to other applicable law,\nhas the same rights and obligations with respect thereto as a person who\nis not a member.\n
Status: in_force · Read it on the official government site
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