Del. Code tit. 6 § 17-505

Current through 2024 Legislative Session Act Chapter 531
Section 17-505 - Defense of usury not available

No obligation of a partner of a limited partnership to the limited partnership, or to a partner of the limited partnership, arising under the partnership agreement or a separate agreement or writing, and no note, instrument or other writing evidencing any such obligation of a partner, shall be subject to the defense of usury, and no partner shall interpose the defense of usury with respect to any such obligation in any action.

6 Del. C. § 17-505

69 Del. Laws, c. 258, §35; 78 Del. Laws, c. 272, § 7.;