Ala. Code § 10A-8A-1.12

Current through the 2024 Regular Session.

Section 10A-8A-1.12 - Transactions of partner with partnership

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)

Added by Act 2018-125,§ 7, eff. 1/1/2019.