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N.C. Gen. Stat. § 59-108

Business transactions of partner with the partnership

Known as the Revised Uniform Limited Partnership Act

The act spans §§ 59–59 (83 sections).

Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to G.S. 59-804 and other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner. (1985 (Reg. Sess., 1986), c. 989, s. 2.)

§§ 59-109 through 59-200. Reserved for future codification purposes.

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.