Except as provided in an operating agreement, a member or manager 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 those transactions as a person who is not a member or manager.

Note:  This statute applies to all Arizona LLCs that were formed before September 1, 2019, but it is repealed on September 1, 2020.  The text above shows the statute as of November 12, 2016.