Del. Code tit. 6 § 15-119

Current through 2024 Legislative Session Act Chapter 510

Section 15-119 - Business transactions of partner with the partnership

Except as provided in the partnership agreement, a partner may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume 1 or more specific obligations of, provide collateral for and transact other business with, the partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.

6 Del. C. § 15-119

72 Del. Laws, c. 151, § 1.;