A partner may lend money to and transact other activities or affairs 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.
Ala. Code § 10A-9A-1.12
Transactions of Partner with Partnership.
Known as the Alabama Limited Partnership Law
The act spans §§ 10A-9A-1.01 to 10A-9A-1.15 (15 sections).
(Act 2016-379, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.