There is a newer version of the South Carolina Code of Laws
2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 42 - UNIFORM LIMITED PARTNERSHIP ACT
SECTION 33-42-80. Business transactions of partner with partnership.
SC Code § 33-42-80 (2013) What's This?
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: 1984 Act No. 491, Section 1; 1985 Act No. 11, Sections 3, 4; 1986 Act No. 533, Section 1.
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