There is a newer version of the Iowa Code
2011 Iowa Code
TITLE XII BUSINESS ENTITIES
SUBTITLE 1 PARTNERSHIPS
CHAPTER 488 UNIFORM LIMITED PARTNERSHIP ACT
488.112 Business transactions of partner with partnership.
IA Code § 488.112 What's This?
488.112 Business transactions of partner with partnership.
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.
2004 Acts, ch 1021, §12, 118
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