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2009 Florida Statutes
SECTION 1303
No liability as limited partner for limited partnership obligations.
No liability as limited partner for limited partnership obligations.
620.1303 No liability as limited partner for limited partnership obligations.--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.
History.--s. 17, ch. 2005-267.