1.__Partner's fiduciary duties.__The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care set forth in subsections 2 and 3 as those duties may be clarified or limited in the partnership agreement to the extent and in the manner authorized by section 1003, subsection 2.

2.__Duty of loyalty limited.__A partner's duty of loyalty to the partnership and the other partners is limited to the following:

A.__To account to the partnership and hold as trustee for it any property, profit or benefit derived by the partner in the conduct and winding up of the partnership business or derived from a use__by the partner of partnership property, including the appropriation of a partnership opportunity;

B.__To refrain from knowingly dealing with the partnership in the conduct or winding up of the partnership business as or on behalf of a party having an interest adverse to the partnership; and

C.__To refrain from competing with the partnership in the conduct of the partnership business before the dissolution of the partnership.

3.__Duty of care.__A partner's duty of care to the partnership and the other partners in the conduct and winding up of the partnership business is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct or a knowing violation of law.

4.__Obligation of good faith and fair dealing.__A partner shall discharge the duties to the partnership and the other partners under this chapter or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing, as those obligations may be clarified in the partnership agreement to the extent and in the manner authorized by section 1003, subsection 2.

5.__Partner's own interest.__A partner does not violate a duty or obligation under this chapter or under the partnership agreement merely because the partner's conduct furthers the partner's own interest.

6.__Loan to and business with partnership.__A partner may lend money to and transact other business with the partnership, and as to each loan or transaction the rights and obligations of