Indiana Statutes
§ 23-16-2-8 — Business transactions of partner with partnership
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 16 LIMITED PARTNERSHIPS·Ch. 2 General Provisions
(a)Except as provided in the partnership
agreement, a partner may:
(1)lend money to;
(2)borrow money from;
(3)act as guarantor or surety for;
(4)provide collateral for the obligations of; and
(5)transact other business;
with the limited partnership.
(b)Except as provided in the partnership agreement, and subject to
other applicable law, a partner has the same rights and obligations with
respect to the limited partnership as a person who is not a partner.
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Legislative History
As added by P.L.147-1988, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"