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        Clause 66 - Business transactions of partner with limited liability partnership

        Limited Liability Partnership Bill, 2008

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        Partner dealings with LLP permitted; partner has same rights and obligations as third parties when lending or transacting. A partner may enter into loans and other commercial dealings with the limited liability partnership and shall have the same rights and obligations in respect of such loan or other transaction as a person who is not a partner.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Partner dealings with LLP permitted; partner has same rights and obligations as third parties when lending or transacting.

                                A partner may enter into loans and other commercial dealings with the limited liability partnership and shall have the same rights and obligations in respect of such loan or other transaction as a person who is not a partner.


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