KRS 362.2-303: No liability as limited partner for limited partnership.
Where this section sits in the code
(1) An obligation of a limited partnership, whether arising in contract, tort, or
otherwise, is not the obligation of any limited partner. A limited partner is not
personally liable, directly or indirectly, by way of indemnification, contribution,
assessment, 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.
(2) Subsection (1) of this section shall not affect t he liability of a limited partner for his
or her own negligence, wrongful acts, or misconduct.
Collected 2026-09-05T20:58:58Z. Source file · JSON