For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Partners transacting business with partnership

M.G.L. c. 109, § 7
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
c. 109, § 7. Partners transacting business with partnership Section 7. 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.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter109/Section7Fetched: 10/20/2026

Starting a business in Massachusetts? Massachusetts LLC guide: costs and requirements