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Illinois · Through at least Public Act 104-790

805 ILCS 215/303: No liability as limited partner for limited partnership obligation.

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Where this section sits in the code
  1. CHAPTER 805 BUSINESS ORGANIZATIONS
  2. Uniform Limited Partnership Act (2001).

An obligation of a limited partnership, whether arising in contract, tort, or otherwise, is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited partnership solely by reason of being a limited partner, even if the limited partner participates in the management and control of the limited partnership.

Collected 2026-09-15T04:46:47Z. Source file · JSON

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