{"data":{"id":"us-wi/wis.-stat.-179.0303","jurisdiction":"us-wi","citation":"Wis. Stat. § 179.0303","heading":"No liability as limited partner for limited partnership obligations.","body":"(1) A debt, obligation, or other liability of a limited partnership is not the debt, obligation, or other liability of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the partnership solely by reason of being or acting as a limited partner, even if the limited partner participates in the management and control of the limited partnership. This subsection applies regardless of the dissolution of the partnership.\n(2) The 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":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 179 Uniform Limited Partnership Law","SUBCHAPTER III LIMITED PARTNERS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/179.0303","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:01Z","sha256":"aabfcff97cd45004a9ba58ade5e8f7b86c68dede3a889a119f7584e99b39af9f","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-179.0302","next":"us-wi/wis.-stat.-179.0304"},"notice":"GroundRules: Original legal text. Not legal advice."}