Me. Stat. tit. 31 § 1343

Current through 131st (2023-2024) Legislature Chapter 684

Section 1343 - No liability as limited partner for limited partnership obligations

An obligation of a limited partnership, whether arising in contract, tort or otherwise, is not the obligation of a limited partner. A limited partner is not 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. [2005, c. 543, Pt. C, §2(NEW).]

31 M.R.S. § 1343

2005, c. 543, §C2 (NEW) .