Business transactions of partner with partnership

805 ILCS 215/112, under General Provisions.

805 ILCS 215/112

(805 ILCS 215/112)

    Sec. 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.

(Source: P.A. 93-967, eff. 1-1-05.)