Opinion ID: 71256
Heading Depth: 5
Heading Rank: 1

Heading: Being a contractor for or an agent,

Text: attorney-at-law, or employee of the limited partnership or of a general partner, or an officer, director, or shareholder of a general partner; (2) Consulting with and advising a general partner with respect to the business of the limited partnership or examining into the state and progress of the partnership business; (3) Acting as surety or guarantor for any liabilities for the limited partnership; (4) Approving or disapproving an amendment to the partnership agreement; or (5) Voting on one or more of the following matters: safe harbor provisions in subsection (b) does not mean that the possession or exercise of any other powers by a limited partner constitutes participation by him in the business of the limited partnership. Id. § 10-9A-42(c). Under this standard, any effort to hold the Hutton partners liable must fail. While the Hutton partners possess rights under the amended partnership agreement to control important decisions in the Partnership's business, nothing in the record indicates the Hutton partners have ever exercised any of these rights. At most, the record reveals the Hutton partners have monitored their investment and implemented certain bookkeeping practices for the Partnership. Merely having the authority to control certain aspects of a partnership's business without actually using that authority does not amount to tak[ing] part in the control of the [partnership's] business. Since the Hutton partners have not lost their limited liability status under § 10-9A-42 of the Alabama Code, they cannot be held accountable for Saraland Limited's CERCLA liability based
partnership; (ii) The sale, exchange, lease, mortgage, pledge, or other transfer of all or substantially all of the assets of the limited partnership other than in the ordinary course of its business; (iii) The incurrence of indebtedness by the limited partnership other than in the ordinary course of its business; (iv) A change in the nature of the business; or (v) The removal of a general partner. Ala.Code § 10-9A-42(b). on the Partnership's ownership of the Site.16