South Carolina § 33-42-80 - Business transactions of partner with partnership.

Full text of South Carolina South Carolina Code of Laws § 33-42-80 — Business transactions of partner with partnership., with citation guidance and answers to common questions.

§ 33-42-80. Business transactions of partner with partnership.

Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.

HISTORY: 1984 Act No. 491, SECTION 1; 1985 Act No. 11, SECTIONS 3, 4; 1986 Act No. 533, SECTION 1.

ARTICLE 2
Formation: Certificate of Limited Partnership

Source: official South Carolina text · Last verified 2026-08-27

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Frequently Asked Questions About South Carolina § 33-42-80

What does South Carolina Code of Laws § 33-42-80 cover?

Section 33-42-80 ("Business transactions of partner with partnership.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite South Carolina § 33-42-80?

A common citation format is "South Carolina Code of Laws § 33-42-80" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of South Carolina law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.

How does South Carolina § 33-42-80 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.