(a) A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.
(b) A person’s status as a limited partner does not prevent or restrict the law, other than in this title, from imposing liability on a limited partnership because of the person’s conduct.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(g)(4)(B), 59 DCR 13171.)
The 2013 amendment by D.C. Law 19-210 rewrote the section.
Uniform Law: This section is based on § 302 of the Uniform Limited Partnership Act (2001 Act).
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 7 - Limited Partnerships
Subchapter III - Limited Partners
§ 29–703.01. Becoming limited partner
§ 29–703.02. No agency power of limited partner as limited partner
§ 29–703.03. No liability as limited partner for limited partnership obligations
§ 29–703.04. Right of limited partner and former limited partner to information
§ 29–703.05. Limited duties of limited partners
§ 29–703.06. Person erroneously believing self to be limited partner