Relationship of Members to Each Other

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 5 of the Code of Virginia, titled “Relationship of Members to Each Other.” It is part of Chapter 12 “Virginia Limited Liability Company Act”, which is part of Title 13.1 “Corporations”. It contains 9 laws.

It’s comprised of the following 9 sections.

§ 13.1-1022	Management of limited liability company
§ 13.1-1023	Operating agreement
§ 13.1-1023.1	Remedies for breach of operating agreement by member or manager
§ 13.1-1024	Management of a limited liability company by a manager or managers
§ 13.1-1024.1	General standards of conduct for a manager
§ 13.1-1025	Limitation of liability of members and managers; exception
§ 13.1-1026	Business transactions of members or managers with the limited liability company
§ 13.1-1027	Contributions
§ 13.1-1028	Information and records