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.
Mass. Gen. Laws ch. 109, § 7
Partners transacting business with partnership
Known as the Uniform Limited Partnership Act
The act spans §§ 109–109 (69 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.