§ 59-303. Liability to third parties. - North Carolina Statutes

§ 59‑303.  Liability tothird parties.

A limited partner is notliable for the obligations of a limited partnership by reason of being alimited partner and does not become liable for the obligations of a limitedpartnership by participating in the management or control of the business ofthe limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1997‑456,s. 27; 1999‑362, s. 18.)