Section 7: Transaction of business between member or manager and limited liability company
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/ma/part-i/title-xxii/chapter-156c/7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.