TITLE 30

CORPORATIONS

CHAPTER 24

LIMITED PARTNERSHIPS

PART 3

LIMITED PARTNERS

30-24-302.  NO AGENCY POWER OF LIMITED PARTNER AS LIMITED PARTNER. (1)  A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.

(2)  A person’s status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person’s conduct.

History:

[30-24-302, added 2015, ch. 243, sec. 35, p. 847.]