Section 304-C:8 Business Transactions of Member or Manager With the Limited Liability Company. - New Hampshire Statutes

Except as provided in a limited liability company agreement, a member or manager may lend money to, borrow money from, act as a surety, guarantor or endorser for, guaranty 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.

Source. 1993, 313:1, eff. July 1, 1993.