A partner may lend money to, borrow money from, act as a surety, guarantor, or endorser for, guarantee or assume one (1) or more specific obligations of, provide collateral for, and transact other business with the limited partnership and, subject to other law, has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.
KRS 362.2-112
Business transactions of partner with partnership
Known as the Kentucky Uniform Limited Partnership Act
The act spans §§ 362–362 (140 sections).
Effective: July 12, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.