Del. Code tit. 6 § 17-107

Current through 2024 Legislative Session Act Chapter 254

Section 17-107 - 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 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.

6 Del. C. § 17-107

6 Del. C. 1953, § 1713; 59 Del. Laws, c. 105, § 1; 63 Del. Laws, c. 420, §1; 65 Del. Laws, c. 188, §1; 66 Del. Laws, c. 316, §5; 69 Del. Laws, c. 258, §4.;