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2024 Maryland Statutes
Corporations and Associations
Title 10 - Limited Partnership Act
Subtitle 4 - General Partners
Section 10-403 - Powers and Liabilities
Universal Citation:
MD Corporations and Associations Code § 10-403 (2024)
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(a) Except as provided in this title or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions and liabilities of a partner in a partnership.
(b) A general partner may not limit the general partner’s liability in the partnership agreement to persons other than his partners or the limited partnership.
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