N.D. Cent. Code § 45-10.2-41: (405) Actions by and against partnership and partners
Where this section sits in the code
- Title 45 Partnerships
- Chapter 45-10.2 Uniform Limited Partnership Act
1.To the extent not inconsistent with section 45-10.2-40, a general partner may be joined in an action against the limited partnership or named in a separate action.
2.A judgment against a limited partnership is not by itself a judgment against a general partner. A judgment against a limited partnership may not be satisfied from assets of a general partner unless there is also a judgment against the general partner.
3.A judgment creditor of a general partner may not levy execution against the assets of the general partner to satisfy a judgment based on a claim against the limited partnership, unless the partner is personally liable for the claim under section 45-10.2-40, and:
a.A judgment based on the same claim has been obtained against the limited partnership and a writ of execution on the judgment has been returned unsatisfied in whole or in part;
b.The limited partnership is a debtor in bankruptcy;
c.The general partner has agreed that the creditor need not exhaust limited partnership assets;
d.A court grants permission to the judgment creditor to levy execution against the assets of a general partner based on a finding:
(1)That limited partnership assets subject to execution are clearly insufficient to satisfy the judgment;
(2)That exhaustion of limited partnership assets is excessively burdensome; or
(3)That the grant of permission is an appropriate exercise of equitable powers of the court; or
e.Liability is imposed on the general partner by law or contract independent of the existence of the limited partnership.
Collected 2026-09-02T21:04:14Z. Source file · JSON