The law of this state governs both of the following:

1. the internal affairs of a limited liability company.

2. the liability of a member as member and a manager as manager for a debt, an obligation or another liability of a limited liability company.

Note:  As of September 1, 2020, this statute applies to all Arizona LLCs .  The text above shows the statute as of September 22, 2022.  To see if the Arizona legislature modified this statute after September 22, 2022, go the the Arizona legislature's website for Title 29, Chapter 7.