Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:56-1a107
Chapter Title:PARTNERSHIPS
Article Title:REVISED UNIFORM LIMITED PARTNERSHIP ACT
Tax Type:Corporate Income Tax
Brief Description:Business transactions of partner with the partnership.
Keywords:


Body:

56-1a107. Business transactions of partner with the 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.
History: L. 1983, ch. 88, 7; July 1.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

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