488.112 Business transactions of partner with partnership.
43 words·~1 min read·
/ia/chapter-488-uniform-limited-partnership-act/488-112·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
2004 Acts, ch 1021, §12, 118