A limited partner is not liable for the obligations of a limited partnership by reason of being a limited partner and does not become so by participating in the management or control of the business.
(Code 1981, §14-9-303, enacted by Ga. L. 1988, p. 1016, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 59A Am. Jur. 2d, Partnership, § 850 et seq.
Piercing the Limited Partner Veil, 30 POF3d 249.
C.J.S.- 68 C.J.S., Partnership, § 594 et seq.
ALR.- Liability of limited partner arising from taking part in control of business under Uniform Limited Partnership Act, 79 A.L.R.4th 427.