Delaware Code Title 6. Commerce and Trade § 18-403. Contributions by a manager
Current as of January 01, 2022 | Updated by FindLaw Staff
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A manager of a limited liability company may make contributions to the limited liability company and share in the profits and losses of, and in distributions from, the limited liability company as a member. A person who is both a manager and a member has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as provided in a limited liability company agreement, also has the rights and powers, and is subject to the restrictions and liabilities, of a member to the extent of the manager's participation in the limited liability company as a member.
Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 18-403. Contributions by a manager - last updated January 01, 2022 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-403-nr11/
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