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North Dakota Century Code Title 45. Partnerships § 45-23-06. General partner liability

Current as of January 01, 2024 | Updated by Findlaw Staff

An obligation of a limited liability limited partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the limited liability limited partnership.

1. A general partner is not personally liable, directly or indirectly by way of contribution or otherwise, for an obligation of the limited liability limited partnership solely by reason of being or acting as a general partner.

2. This section applies notwithstanding anything inconsistent in the partnership agreement.

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Cite this article: FindLaw.com - North Dakota Century Code Title 45. Partnerships § 45-23-06. General partner liability - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-45-partnerships/nd-cent-code-sect-45-23-06/

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