Virginia Statutes
§ 13.1-1026 — Business transactions of members or managers with the limited liability company
Virginia § 13.1-1026
JurisdictionVirginia
Title 13.1CORPORATIONS
Ch. 12VIRGINIA LIMITED LIABILITY COMPANY ACT
Art. 5RELATIONSHIP OF MEMBERS TO EACH OTHER
This text of Virginia § 13.1-1026 (Business transactions of members or managers with the limited liability company) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 13.1-1026 (2026).
Text
Except as provided in the articles of organization or an 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 thereto as a person who is not a member or manager.
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Legislative History
1991, c. 168.
Nearby Sections
15
§ 13.1-1
Repealed§ 13.1-1000
Short title§ 13.1-1001
Reservation of power to amend or repeal§ 13.1-1001.1
Construction§ 13.1-1002
Definitions§ 13.1-1003
Filing requirements§ 13.1-1005
Fees§ 13.1-1006
Penalty for signing false documents§ 13.1-1007
Unlawful to transact or offer to transact business as a limited liability company unless authorized§ 13.1-1008
Purposes§ 13.1-1009
Powers§ 13.1-1010
Organizers§ 13.1-1010.1
RepealedCite This Page — Counsel Stack
Bluebook (online)
Virginia § 13.1-1026, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/13.1-1026.