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. 48-7-108 to 48-7-111. Repealed by SL 2001, ch 249 , § 1205.