Illinois Statutes
§ 112 — Business transactions of partner with partnership
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 215/ Uniform Limited Partnership Act (2001).·Art. Article 1 - General Provisions
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(Repealed)