Current as of April 27, 2021 | Updated by FindLaw Staff
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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 a 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.
Cite this article: FindLaw.com - Montana Title 35. Corporations, Partnerships, and Associations § 35-12-703. No liability as limited partner for limited partnership obligations - last updated April 27, 2021 | https://codes.findlaw.com/mt/title-35-corporations-partnerships-and-associations/mt-code-ann-sect-35-12-703/
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