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Ind. Code § 23-18-4-12

Business between company and member or manager

Indiana · Indiana Code Title 23 — Business and Other Associations · Status: effective

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Ind. Code § 23-18-4-12, Business between company and member or manager, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1653922
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Sec. 12. Except when prohibited in a written operating agreement, a member or manager may lend money to and transact other business with the limited liability company and, subject to other applicable law, has the same rights and obligations with respect to the transaction as a person who is not a member or manager.