8509 - Business transactions of partner with limited partnership. - Pennsylvania Statutes

§ 8509. Business transactions of partner with limited partnership. Except as otherwise provided in the partnership agreement, a partner may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, 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.