{"data":{"id":"us-nc/n.c.-gen.-stat.-59-303","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 59-303","heading":"Liability to third parties.","body":"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.)","path":["Chapter 59. Partnership.","Article 5. Revised Uniform Limited Partnership Act.","Part 3. Limited Partners."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_59/GS_59-303.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:07:02Z","sha256":"0b395557e84821a1e7b2e8c87421e818b8f558a9fd6cf397e6645941aae26b71","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-59-302","next":"us-nc/n.c.-gen.-stat.-59-304"},"notice":"GroundRules: Original legal text. Not legal advice."}