Illinois Statutes
§ 112 — Business transactions of partner with partnership
Illinois § 112
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 805BUSINESS ORGANIZATIONS
Act 805 ILCS 215/Uniform Limited Partnership Act (2001).
Art.Article 1 - General Provisions
This text of Illinois § 112 (Business transactions of partner with partnership) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
805 Ill. Comp. Stat. 112 (2026).
Text
A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
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Legislative History
(Source: P.A. 93-967, eff. 1-1-05.)
Nearby Sections
15
§ 11
§ 11§ 11.10
Procedure for share exchange§ 11.20
Approval by shareholders§ 11.35
§ 11.35§ 11.37
§ 11.37§ 11.39
§ 11.39§ 11.45
(Repealed)Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 112, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/112.