§425E-303 - Liability as a limited partner.
[§425E-303] Liability as a limited
partner. An obligation of a limited partnership, whether arising
in contract, tort, or otherwise, shall not be the obligation of a limited
partner. A limited partner shall not be 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. [L 2003, c 210, pt of §1]