Maine Code § 31-1343

No liability as limited partner for limited partnership obligations
Open in Lexace · Ask the AI about this section
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. [PL 2005, c. 543, Pt. C, §2 (NEW).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.