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The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

023

:
LIMITED PARTNERSHIPS






Subchapter

001
:
GENERAL PROVISIONS










 

§

3407. Business transactions of partner with partnership

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. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)