A partner may lend money to and transact other business with the partnership, and as to each loan or transaction, the rights and obligations of the partner are the same as those of a person who is not a partner, subject to other applicable law.
Va. Code Ann. § 50-73.85
Transactions between partner and partnership
Known as the Virginia Uniform Partnership Act
The act spans §§ 50-73.100 to 50-73.99 (76 sections).
1996, c. 292.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.