Except as otherwise provided in the governing documents or in the specific chapter that applies to that entity, an owner may lend money to and transact any lawful business with the entity and, subject to other applicable law, have the same rights and obligations with respect thereto as a person who is not an owner. (Act 2009-513, p. 967, §11; Act 2026-495, §1.)
Business Transactions of Owner with Entity
Ala. Code § 10A-1-2.17, under Powers of Domestic Entity.
Ala. Code § 10A-1-2.17