Other Self Interest. The Member does not violate a duty or obligation to the Company merely because the Member's conduct furthers the Member's own interests. The Member may lend money to and transact other business with the Company, and the rights and obligations of the Member in such transactions shall be the same as those of a person who is not a member. No transactions with the Company shall be voidable solely because the Member has a direct or indirect interest in the transaction.
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Samples: Operating Agreement (Great Plains Energy Inc), Operating Agreement (Great Plains Energy Inc), Operating Agreement (Great Plains Energy Inc)
Other Self Interest. The A Member does not violate a duty or obligation to the Company merely because the such Member's ’s conduct furthers the interest of the Member's own interests. The A Member may lend money to and transact other business with the Company, and the Company only in accordance with this Agreement. The rights and obligations of a Member who lends money to or transacts business with the Member in such transactions shall be Company are the same as those of a person who is not a memberMember, subject to other applicable law. No transactions transaction with the Company shall be is voidable solely because the a Member has a direct or indirect interest in the transactiontransaction if the transaction is approved or ratified by the Managers or the remaining disinterested Members.
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Other Self Interest. The A Member does not violate a duty or obligation to the Company merely because the Member's conduct furthers the interest of the Member's own interests. The A Member may lend money to and transact other business with the Company, and the . The rights and obligations of a Member who lends money to or transacts business with the Member in such transactions shall be Company are the same as those of a person Person who is not a memberMember, subject to other applicable law. No transactions transaction with the Company shall be voidable solely because the a Member has a direct or indirect interest in the transactiontransaction if the transaction is approved or ratified as provided for herein.
Appears in 1 contract
Samples: Appendices
