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.
Conn. Gen. Stat. § 34-21
Business transactions of partner with partnership
Known as the The Uniform Limited Partnership Act
The act spans §§ 34–34 (87 sections).
Applied in 1 court decision — leading case 16 Mass. L. Rptr. 182 - Sizemore v. I-R Maple Corp. (2003)
Most recently applied in 16 Mass. L. Rptr. 182 - Sizemore v. I-R Maple Corp. (April 2003)
(1961, P.A. 79, S. 13; P.A. 79-440, S. 6.) History: P.A. 79-440 deleted provisions prohibiting limited partner's receipt of pro rata share of assets on account of claims against…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.