Maryland Statutes
§ 10-107
Maryland § 10-107
This text of Maryland § 10-107 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Corporations and Associations § 10-107 (2026).
Text
(a)Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and subject to other applicable law has the same rights and obligations with respect thereto as a person who is not a partner.
(b)Except in the case of action or failure to act by a partner which constitutes willful misconduct or recklessness, and subject to the standards and restrictions, if any, set forth in its partnership agreement, a limited partnership has the power to indemnify and hold harmless any partner, employee, or agent of the limited partnership from and against any and all claims and demands whatsoever.
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 10-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gca/10-107.