§425E-303 - Liability as a limited partner.
[§425E-303] Liability as a limitedpartner. An obligation of a limited partnership, whether arisingin contract, tort, or otherwise, shall not be the obligation of a limitedpartner. A limited partner shall not be personally liable, directly orindirectly, by way of contribution or otherwise, for an obligation of thelimited partnership solely by reason of being a limited partner, even if thelimited partner participates in the management and control of the limitedpartnership. [L 2003, c 210, pt of §1]