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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-704.03: Limited partnership liable for general partner’s actionable conduct.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 7. Limited Partnerships.
  3. Subchapter IV. General Partners.

(a)

A limited partnership shall be liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a general partner acting in the ordinary course of activities or affairs of the limited partnership or with authority of the limited partnership.

(b)

If, in the course of the limited partnership’s activities or affairs or while acting with authority of the limited partnership, a general partner receives or causes the limited partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the limited partnership shall be liable for the loss.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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