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 the 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 3 - Limited Partners
§ 4-47-301. Becoming limited partner
§ 4-47-302. No right or power as limited partner to bind limited partnership
§ 4-47-303. No liability as limited partner for limited partnership obligations
§ 4-47-304. Right of limited partner and former limited partner to information
§ 4-47-305. Limited duties of limited partners
§ 4-47-306. Person erroneously believing self to be limited partner