2.__Partnership profits and losses.__Each partner is entitled to an equal share of the partnership profits and is chargeable with a share of the partnership losses in proportion to the partner's share of the profits.

3.__Reimbursement and indemnification.__A partnership shall reimburse a partner for payments__made and indemnify a partner for liabilities incurred by the partner in the ordinary course of the business of the partnership or for the preservation of its business or property.

4.__Advance to partnership.__A partnership shall reimburse a partner for an advance to the partnership beyond the amount of capital the partner agreed to contribute.

5.__Loan to partnership; interest.__A payment or advance made by a partner that gives rise to a partnership obligation under subsection 3 or 4 constitutes a loan to the partnership that accrues interest from the date of the payment or advance.

6.__Management and conduct of business.__Each partner has equal rights in the management and conduct of the partnership business.

7.__Use or possess partnership property.__A partner may use or possess partnership property only on behalf of the partnership.

8.__Remuneration.__A partner is not entitled to remuneration for services performed for the partnership, except for reasonable compensation for services rendered in winding up the business of the partnership.

9.__Consent of all partners required.__A person may become a partner only with the consent of all of the partners.

10.__Decision by majority or unanimous.__A difference arising as to a matter in the ordinary course of business of a partnership may be decided by a majority of the partners.__An act outside the ordinary course of business of a partnership and an amendment to the partnership agreement may be undertaken only with the consent of all of the partners.

11.__Obligations to other persons.__This section does not affect the obligations of a partnership to other persons under section 1031.

§1042.__Distributions in kind