N.C. Gen. Stat. § 59-303

Current through Session Law 2024-56
Section 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.

N.C. Gen. Stat. § 59-303

(1985 (Reg. Sess., 1986), c. 989, s. 2; 1997-456, s. 27; 1999-362, s. 18..