Source: http://dccode.elaws.us/code?no=29-7%7CIII&e=8
Timestamp: 2019-12-12 01:25:16
Document Index: 110570943

Matched Legal Cases: ['§ 29', '§ 301', '§ 29', '§ 302', '§ 29', '§ 303', '§ 29', '§ 305', '§ 29', '§ 306']

§ 29-703.01. Becoming limited partner.
(2) As the result of a merger under subchapter X of this chapter or a transaction under Chapter 2 of this title; or
This section is based on § 301 of the Uniform Limited Partnership Act (2001 Act). See Vol. 6A , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.
§ 29-703.02. No right or power as limited partner to bind limited partnership.
A limited partner shall not have the right or the power as a limited partner to act for or bind the limited partnership.
This section is based on § 302 of the Uniform Limited Partnership Act (2001 Act). See Vol. 6A , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.
§ 29-703.03. No liability as limited partner for limited partnership obligations.
An obligation of a limited partnership, whether arising in contract, tort, or otherwise, shall not be the obligation of a limited partner. A limited partner shall not be 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.
This section is based on § 303 of the Uniform Limited Partnership Act (2001 Act). See Vol. 6A , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.
§ 29-703.05. Limited duties of limited partners.
(c) A limited partner shall 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.
This section is based on § 305 of the Uniform Limited Partnership Act (2001 Act). See Vol. 6A , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.
§ 29-703.06. Person erroneously believing self to be limited partner.
(a) Except as otherwise provided in subsection (b) of this section, a person that makes an investment in a business enterprise and erroneously but in good faith believes that the person has become a limited partner in the enterprise shall not be liable for the enterprise's obligations by reason of making the investment, receiving distributions from the enterprise, or exercising any rights of or appropriate to a limited partner, if, on ascertaining the mistake, the person:
This section is based on § 306 of the Uniform Limited Partnership Act (2001 Act). See Vol. 6A , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.