Mich. Comp. Laws § 449.1108

Current through Public Act 148 of the 2024 Legislative Session
Section 449.1108 - Loans by partner and other transactions with limited partnership; rights and obligations

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 to the limited partnership as a person who is not a partner.

MCL 449.1108

1982, Act 213, Eff. 1/1/1983 .