Ala. Code § 10A-8A-1.12
Current with legislation from 2024 effective through July 1, 2024.
A partner may lend money to and transact other business or not for profit activity with the partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
Ala. Code § 10A-8A-1.12 (1975)