61-2-108 - Rights and obligations of partner. - Tennessee Statutes

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61-2-108. Rights and obligations of partner.

Except as 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 (1) 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.

[Acts 1988, ch. 922, § 1; 1989, ch. 270, § 9.]

State Codes and Statutes

Statutes > Tennessee > Title-61 > Chapter-2 > Part-1 > 61-2-108

61-2-108. Rights and obligations of partner.

Except as 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 (1) 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.

[Acts 1988, ch. 922, § 1; 1989, ch. 270, § 9.]

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State Codes and Statutes

Statutes > Tennessee > Title-61 > Chapter-2 > Part-1 > 61-2-108

61-2-108. Rights and obligations of partner.

Except as 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 (1) 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.

[Acts 1988, ch. 922, § 1; 1989, ch. 270, § 9.]