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        LLP

        Section 66 - Business transactions of partner with limited liability partnership

        Limited Liability Partnership Act, 2008
        Chapter XIV
        Miscellaneous

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        Partner dealings parity: partners may lend or contract with the LLP and hold the same rights as outsiders. A partner may lend money to and otherwise transact business with the limited liability partnership and, in respect of such loans or transactions, has the same rights and obligations 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 parity: partners may lend or contract with the LLP and hold the same rights as outsiders.

                                A partner may lend money to and otherwise transact business with the limited liability partnership and, in respect of such loans or transactions, has the same rights and obligations as a person who is not a partner.


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