Except as provided in the partnership agreement, a partner may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume 1 or more specific obligations of, provide collateral for and transact other business with, the partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.
Del. Code tit. 6, §§ 15-119
Business transactions of partner with the partnership
Known as the Delaware Revised Uniform Partnership Act
The act spans §§ 6-15-1001 to 6-15-905 (93 sections).
72 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.