54-2A-303: No liability as limited partner for limited partnership obligations.
Where this section sits in the code
- Chapter 54 - Partnerships
- ARTICLE 2A Uniform Revised Limited Partnership Act
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 2026-09-03T15:02:20Z. Source file · JSON