35-12-510. Business transactions of partner with the partnership.
35-12-510. Business transactions of partner with the partnership. Except as otherwise provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to other applicable provisions of law, has the same rights and obligations with respect thereto as a person who is not a partner.
History: En. Sec. 10, Ch. 522, L. 1981.