Except as provided in the operating agreement, a member or manager may lend money to and transact 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.
Mo. Rev. Stat. § 347.093
Member or manager may lend money and transact business
Known as the Missouri Limited Liability Company Act
The act spans §§ 347–347 (97 sections).
Effective: 01 Dec 1993, see footnote; (L. 1993 S.B. 66 & 20 § 359.752)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.