California § 15904.04. 15904.04. (Added by Stats. 2006, Ch. 495, Sec. 20.)

California Statutes

§ 15904.04. — 15904.04. (Added by Stats. 2006, Ch. 495, Sec. 20.)

California § 15904.04.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Title 2.TITLE 2. PARTNERSHIPS

Ch. 4.5.CHAPTER 4.5. Uniform Limited Partnership Act of 2008

Art. 4.ARTICLE 4. General Partners

This text of California § 15904.04. (15904.04. (Added by Stats. 2006, Ch. 495, Sec. 20.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Corporations Code - CORP Code § 15904.04. (2026).

Text

(a)Except as otherwise provided in subdivision (b), all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.

(b)A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.

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(a)
Except as otherwise provided in subdivision (b), all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.
(b)
A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.