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NC General Statutes

N.C. Gen. Stat. § 59-303 (2026)

Liability to third parties

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

 

Notes of Decisions
Cited in 1 case, 1994–1994 · leading case: Post & Front Props., Ltd. v. Roanoke Constr. Co., 449 S.E.2d 765 (N.C. Ct. App. 1994).
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Post & Front Props., Ltd. v. Roanoke Constr. Co., 449 S.E.2d 765 (N.C. Ct. App. 1994). · cites it 3× “The general rule is that “all partners are jointly and severally liable for the acts and obligations of the partnership.” N.C.G.S. § 59-45(a) (Supp. 1993); see N.”
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