{"data":{"id":"us-ia/iowa-code-488.404","jurisdiction":"us-ia","citation":"Iowa Code § 488.404","heading":"General partner’s liability.","body":"1. Except as otherwise provided in subsections 2 and 3, all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.\n2. A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.\n3. An obligation of a limited partnership incurred while the limited partnership is a limited liability limited partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the limited partnership. A general partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or acting as a general partner. This subsection applies despite anything inconsistent in the partnership agreement that existed immediately before the consent required to become a limited liability limited partnership under section 488.406, subsection 2, paragraph “b”.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 488 - UNIFORM LIMITED PARTNERSHIP ACT","Article 4 - GENERAL PARTNERS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/488.404.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"34df65d1aeec03d75b115032ee6f5407b3473f1f27a96549188595e40c76c6d2","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-488.403","next":"us-ia/iowa-code-488.405"},"notice":"GroundRules: Original legal text. Not legal advice."}