§1343. 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 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. [PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).
Structure Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 19: UNIFORM LIMITED PARTNERSHIP ACT
Subchapter 3: LIMITED PARTNERS
31 §1341. Becoming limited partner
31 §1342. No right or power as limited partner to bind limited partnership
31 §1343. No liability as limited partner for limited partnership obligations
31 §1344. Right of limited partner and former limited partner to information
31 §1345. Limited duties of limited partners
31 §1346. Person erroneously believing self to be limited partner