{"data":{"id":"us-dc/d.c.-code-29-703.03","jurisdiction":"us-dc","citation":"D.C. Code § 29-703.03","heading":"No liability as limited partner for limited partnership obligations.","body":"(a)\nA debt, obligation, or other liability of a limited partnership, whether arising in contract, tort, or otherwise, is not attributable to a limited partner. A limited partner shall not be personally liable, directly or indirectly, by way of contribution or otherwise, for an a debt, obligation, or other liability 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.\n\n(b)\nThe failure of a limited partnership to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a limited partner for a debt, obligation, or other liability of the partnership.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 7. Limited Partnerships.","Subchapter III. Limited Partners."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-703.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"82cf1aa2dcc6b00daa09330a0490218be6826dc70d658749d51f8c004fcf5b75","source_id":"us-dc","stale":true,"prev":"us-dc/d.c.-code-29-703.02","next":"us-dc/d.c.-code-29-703.04"},"notice":"GroundRules: Original legal text. Not legal advice."}