The partnership must indemnify every partner in respect of payments made and personal liabilities reasonably incurred by him in the ordinary and proper conduct of its business, or for the preservation of its business or property. Interest on capital contributions. A partner, who in aid of the partnership makes any payment or advance beyond the amount of capital which he agreed to contribute, shall be paid interest from the date of the payment or advance. Condition for repayment of interest. A partner shall receive interest on the capital contributed by him only from the date when repayment should be made.
All partners have equal rights in the management and conduct of the partnership business.
No partner is entitled to remuneration for acting in the partnership business, except that a surviving partner is entitled to reasonable compensation for his services in winding up the partnership affairs. Consent for membership. No person can become a member of a partnership without the consent of all the partners. Consent for partnership matters.