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.
N.C. Gen. Stat. § 59-303
Liability to third parties
Known as the Revised Uniform Limited Partnership Act
The act spans §§ 59–59 (83 sections).
1985 (Reg
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.