Code of Virginia § 50-73.85. Transactions between partner and partnership.
49 words·~1 min read·
/va/title-50/chapter-2-2/50-73-85A 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 partnership, and as to each loan or transaction, the rights and obligations of the partner are the same as those of a person who is not a partner, subject to other applicable law.
1996, c. 292 .