N.Y. Partnership Law § 121-108

Current through 2024 NY Law Chapter 553
Section 121-108 - Business transactions of partner with the partnership

Except as may be provided in the partnership agreement, a partner may lend money to, borrow money from, act as a guarantor or surety for, provide collateral for the obligations of, 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.

N.Y. Partnership Law § 121-108