Delaware Statutes
§ 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Delaware § 15-119 (Business transactions of partner with the partnership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
72 Del. Laws, c. 151, § 1
Nearby Sections
15
§ 15-1002
Name§ 15-1003
Annual report§ 15-101
Definitions§ 15-102
Knowledge and notice§ 15-104
Supplemental principles of law§ 15-106
Governing law§ 15-108
Name of partnership§ 15-109
Reservation of name§ 15-110
Indemnification