56-1a107. Business transactions of partner with the partnership.

56-1a107

Chapter 56.--PARTNERSHIPS Part 1.--GENERAL PROVISIONS Article 1a.--REVISED UNIFORM LIMITED PARTNERSHIP ACT

      56-1a107.   Business transactions of partner with the partnership.Except as provided in the partnership agreement, a partner maylend money to and transact other business with the limited partnership and,subject to other applicable law, has the same rights and obligations withrespect thereto as a person who is not a partner.

      History:   L. 1983, ch. 88, § 7; July 1.