A partner may lend money to and transact other business or not for profit activity with the partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
Ala. Code § 10A-8A-1.12
Transactions of Partner with Partnership.
Known as the Alabama Partnership Law
The act spans §§ 10A-8A-1.01 to 10A-8A-1.14 (14 sections).
(Act 2018-125, §7.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.