{"code":"CORP","codeName":"Corporations Code","section":"15901.12","citation":"Corp. Code, § 15901.12","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. PARTNERSHIPS [15800. - 16962.]","url":"https://blackletter.si/corporations-code/title-2"},{"name":"CHAPTER 4.5. Uniform Limited Partnership Act of 2008 [15900. - 15912.07.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5"},{"name":"ARTICLE 1. General Provisions [15900. - 15901.17.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5/article-1"}],"history":"Added by Stats. 2006, Ch. 495, Sec. 20.   Effective January 1, 2007.   Section operative January 1, 2008, pursuant to Section 15912.04.","effective":"2007-01-01","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/corporations-code/general-provisions-15901-12","source":"California Legislative Information bulk export (pubinfo)"}