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.
Cal. Corp. Code § 15901.12
General Provisions
Known as the Uniform Limited Partnership Act
The act spans §§ 15900–15912 (125 sections).
Added by Stats. 2006, Ch. 495, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.