California Corporations Code

§ 15901.12

CORP § 15901.12 Effective Jan 1, 2007Title 2 · Ch. 4.5 · Art. 1

Statute text

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.

Legislative history

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.