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Code · North Carolina · Chapter 59 — Partnership

§ 59-108. Business transactions of partner with the partnership.

64 words·~1 min read·/nc/chapter-59/59-108

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§ 59-108. Business transactions of partner with the partnership.
Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to G.S. 59-804 and other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
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