ILCS » Chapter 805 · Act 215
Illinois Compiled Statutes

805 ILCS 215/303 (2026)

No liability as limited partner for limited partnership obligation

✓ current as of May 2026
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(805 ILCS 215/303)
    Sec. 303. No liability as limited partner for limited partnership obligation. 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.
(Source: P.A. 93-967, eff. 1-1-05.)

    
Notes of Decisions
Cited in 2 cases, 2010–2010 · leading case: Pielet v. Pielet, 942 N.E.2d 606 (Ill. App. Ct. 2d Dist. 2010).
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Pielet v. Pielet, 942 N.E.2d 606 (Ill. App. Ct. 2d Dist. 2010). · cites it 2× “National Material and NM Holding quote section 303 of the Uniform Limited Partnership Act (Partnership Act) (805 ILCS 215/303 (West 2008)), which states: “No liability as limited partner for limited partnership obligation.”
Pielet v. Pielet, No. 2-09-0210, 2-09-0242 Cons. Rel (Ill. App. Ct. 2d Dist. Nov. 29, 2010). · cites it 2× “National Material and NM Holding quote section 303 of the Uniform Limited Partnership Act (Partnership Act) (805 ILCS 215/303 (West 2008)), which states: "No liability as limited partner for limited partnership obligation.”
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