N.C. Gen. Stat. § 59-108

Business transactions of partner with the partnership.

Last amended: 1985Year: 2026Length: 56 wordsOfficial source
§ 59-108. Business transactions of partner with the 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 G.S. 59-804 and other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.
N.C. Gen. Stat. § 59-108: Business transactions of partner with the partnership. | Justis AI