Source: https://law.justia.com/codes/maryland/2013/article-gca/section-9a-307/
Timestamp: 2019-11-15 10:03:36
Document Index: 185857960

Matched Legal Cases: ['§ 9', '§ 9', '§ 9', '§ 9', '§ 9', '§ 9', '§ 9']

§ 9A-307 - Actions by and against partnership and partners :: 2013 Maryland Code :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes Maryland Code 2013 Maryland Code CORPORATIONS AND ASSOCIATIONS § 9A-307 - Actions by and against partnership and partners
MD Corp & Assn Code § 9A-307 (2013) What's This?
(a) In general. -- A partnership may sue and be sued in the name of the partnership.
(b) Actions against partnership. -- An action may be brought against the partnership and, except as provided in § 9A-306 of this subtitle and subsection (f) of this section, any or all of the partners in the same action or in separate actions.
(c) Judgment. -- A judgment against a partnership is not by itself a judgment against a partner. A judgment against a partnership may not be satisfied from a partner's assets unless there is also a judgment against the partner.
(d) Levy. -- A judgment creditor of a partner may not levy execution against the assets of the partner to satisfy a judgment based on a claim against the partnership unless the claim is for a debt, obligation, or liability for which the partner is liable under § 9A-306 of this subtitle and either:
(e) Applicability of section. -- This section applies to any partnership liability or obligation resulting from a representation by a partner or purported partner under § 9A-308 of this subtitle.
(f) Limited liability partnership exception. -- A partner of a limited liability partnership is not a proper party to a proceeding by or against a limited liability partnership solely by reason of being a partner of the limited liability partnership, except where the object of the proceeding is:
(1) To enforce a partner's right against or liability to the limited liability partnership; or
(2) To recover damages, or enforce partnership obligations, for which the partner is personally liable under § 9A-306 of this subtitle.