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MARYLAND STATUTES AND CODES
Section 405 - Business transactions of member with limited liability company.
§ 4A-405. Business transactions of member with limited liability company.
Except as provided in the operating agreement, a member 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.
[1992, ch. 536.]
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