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.
Fla. Stat. § 620.1303
No liability as limited partner for limited partnership obligations
Known as the Florida Revised Uniform Limited Partnership Act
The act spans §§ 620–620 (121 sections).
History.--s. 17, ch. 2005-267.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.