Section 66 of the Limited Liability Partnership Act, 2008 – Business transactions of partner with limited liability partnership

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Section 66: Business transactions of partner with limited liability partnership

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

Source: official text of The Limited Liability Partnership Act, 2008 as published on India Code (PDF). All sections of the Limited Liability Partnership Act, 2008.

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