Statutes > Idaho Statutes > TITLE 53 PARTNERSHIP > CHAPTER 2 UNIFORM LIMITED PARTNERSHIP ACT > PART 1 GENERAL PROVISIONS > 53-2-112 BUSINESS TRANSACTIONS OF PARTNER WITH PARTNERSHIP.

53-2-112 BUSINESS TRANSACTIONS OF PARTNER WITH PARTNERSHIP.

TITLE 53

PARTNERSHIP

CHAPTER 2

UNIFORM LIMITED PARTNERSHIP ACT

PART 1

GENERAL PROVISIONS

53-2-112. Business transactions of partner with partnership. 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.