(1) No manager shall, without the consent of all the members, conduct on his/her own account or on the account of a third party any transaction in the same type of business as the limited liability company or serve as a manager, a director or an executive director of another company the business objective of which is the same kind of business as the limited liability company.
(2) In cases where a manager conducts a transaction in violation of paragraph (1), the provisions of Article 198 (2) through (4) shall apply mutatis mutandis.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]