Section 48-7-107 - Business transactions of partner with partnership.

48-7-107. Business transactions of partner with 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 other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.

Source: SL 1986, ch 391, § 107.