31 M.R.S. §1343: No liability as limited partner for limited partnership obligations
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT
- SUBCHAPTER 3: LIMITED PARTNERS
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 2026-09-04T15:12:37Z. Source file · JSON