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.
Companies and Allied Matters Act 2020 · Part C
Section 792 Business transactions of partner with limited liability partnership
Cite as: Companies and Allied Matters Act 2020, section 792
What this section means
From the Part overview: CAMA 2020 Part C: limited liability partnerships (sections 746 to 794)
Part C creates the limited liability partnership. Here is how one is formed, who runs it, who is liable for what, and what it must file.
Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.