Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Office of the Revisor of Statutes

321.0305 LIMITED DUTIES OF LIMITED PARTNERS.
(a) A limited partner does not have any fiduciary duty to the limited partnership or to any
other partner solely by reason of being a limited partner.
(b) A limited partner shall discharge the duties to the partnership and the other partners
under this chapter or under the partnership agreement and exercise any rights consistently with
the obligation of good faith and fair dealing.
(c) A limited partner does not violate a duty or obligation under this chapter or under the
partnership agreement merely because the limited partner's conduct furthers the limited partner's
own interest.
History: 2004 c 199 art 3 s 32

Official Publication of the State of Minnesota
Revisor of Statutes