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2023 North Carolina General Statutes
Chapter 59 - Partnership
Article 5 - Revised Uniform Limited Partnership Act.
§ 59-303 - Liability to third parties.
Universal Citation:
NC Gen Stat § 59-303 (2023)
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§ 59-303. Liability to third parties.
A limited partner is not liable for the obligations of a limited partnership by reason of being a limited partner and does not become liable for the obligations of a limited partnership by participating in the management or control of the business of the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1997-456, s. 27; 1999-362, s. 18.)
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