(a) Except as provided in the partnership agreement, a partner may:(1) lend money to;(2) borrow money from;(3) act as guarantor or surety for;(4) provide collateral for the obligations of; and(5) transact other business;with the limited partnership.(b) Except as provided in the partnership agreement, and subject to other applicable law, a partner has the same rights and obligations with respect to the limited partnership as a person who is not a partner.As added by P.L.147-1988, SEC.1.
Indiana Legal Code