Home/Massachusetts/Statutes/Part I: ADMINISTRATION OF THE GOVERNMENT/Title XXII: CORPORATIONS/Ch. 156C: LIMITED LIABILITY COMPANY ACT/§ 7
Massachusetts Statutes

§ 7 — Transaction of business between member or manager and limited liability company

Massachusetts § 7
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 156CLIMITED LIABILITY COMPANY ACT

This text of Massachusetts § 7 (Transaction of business between member or manager and limited liability company) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mass. Gen. Laws ch. 156C, § 7 (2026).

Text

Section 7. Except as provided in a written 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.

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Bluebook (online)
Massachusetts § 7, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156C/7.