Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
321.0303 NO LIABILITY AS LIMITED PARTNER FOR LIMITED PARTNERSHIP
OBLIGATIONS.
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.
History: 2004 c 199 art 3 s 30
OBLIGATIONS.
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.
History: 2004 c 199 art 3 s 30
Official Publication of the State of Minnesota
Revisor of Statutes