Michigan Compiled Laws § 449.1108 Loans By Partner And Other Transactions With Limited Partnership; Rights And Obligations.

449.1108 Loans by partner and other transactions with limited partnership; rights and obligations.

Sec. 108.

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 the limited partnership as a person who is not a partner.

History: 1982, Act 213, Eff. Jan. 1, 1983

Section: Previous  449.1101  449.1102  449.1103  449.1104  449.1105  449.1106  449.1107  449.1108  449.1109    Next

Last modified: October 10, 2016