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Code · Pennsylvania · Title 15 — CORPORATIONS AND UNINCORPORATED ASSOCIATIONS · Chapter 86

§ 8632. No agency power of limited partner as limited partner.

68 words·~1 min read·/pa/title-15/chapter-86/8632

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§ 8632. No agency power of limited partner as limited partner.
(a)General rule.-- A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.
(b)Creation of partnership liability.-- A person's status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person's conduct.
15c8633s
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