35-12-703. No liability as limited partner for limited partnership obligations.
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/mt/title-35/chapter-12/part-7/35-12-703·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-12-703 . No liability as limited partner for limited partnership obligations. 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 a 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.