Indiana Statutes
§ 23-18-4-12 — Business between company and member or manager
Indiana § 23-18-4-12
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 18LIMITED LIABILITY COMPANIES
Ch. 4Rights and Duties of Members and Managers
This text of Indiana § 23-18-4-12 (Business between company and member or manager) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-18-4-12 (2026).
Text
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.
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Legislative History
As added by P.L.8-1993, SEC.301.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-18-4-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-18-4-12.