Business transactions of partner with the partnership

7-62-107. Business transactions of partner with the partnership. Except as provided in the partnership agreement, a partner may lend money to, act as surety 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. Source: L. 81: Entire article added, p. 435, � 1, effective November 1.