California Legal Codes and Statutes

§ 15901.12

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.

A partner may lend money to and transact other business with the limited partnership and has the same rights and obligations with respect to the loan or other transaction as a person that is not a partner.

Cite this section

Cal. Corp. Code § 15901.12 (2026)
https://ca.codecond.com/codes/corp/title-2-partnerships/chapter-4-5-uniform-limited-partnership-act-of-2008/article-1-general-provisions/section-15901.12

Other sections in Article 1 - General Provisions

§ 15900§ 15901.02§ 15901.03§ 15901.04§ 15901.05§ 15901.06§ 15901.07§ 15901.08§ 15901.09§ 15901.10§ 15901.11§ 15901.12§ 15901.13§ 15901.14§ 15901.15§ 15901.16§ 15901.17

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 16, 2026.