487.107  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 to such transactions as a person who is not a partner.

Section History: Early form

  [C24, 27, 31, 35, 39, § 9822; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.17; 82 Acts, ch 1103, § 107]

Section History: Recent form

  C93, § 487.107


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