GroundRules
N.C. Gen. Stat. § 59-303: Liability to third parties.
Where this section sits in the code
- Chapter 59. Partnership.
- Article 5. Revised Uniform Limited Partnership Act.
- Part 3. Limited Partners.
A limited partner is not liable for the obligations of a limited partnership by reason of being a limited partner and does not become liable for the obligations of a limited partnership by participating in the management or control of the business of the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1997-456, s. 27; 1999-362, s. 18.)
Collected 2026-08-27T18:07:02Z. Source file · JSON