Maine Statutes
§ 31 §1343 — No liability as limited partner for limited partnership obligations
Maine § 31 §1343
This text of Maine § 31 §1343 (No liability as limited partner for limited partnership obligations) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 31, § 31 §1343 (2026).
Text
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.
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Legislative History
PL 2005, c. 543, §C2 (NEW).
Nearby Sections
15
§ 31 §1301
Short title§ 31 §1302
Definitions§ 31 §1303
Knowledge and notice§ 31 §1304
Nature, purpose and duration of entity§ 31 §1305
Powers§ 31 §1306
Governing law§ 31 §1308
Limited partnership name; assumed name§ 31 §1311
Required information§ 31 §1313
Dual capacity§ 31 §1314
Registered office; registered agentCite This Page — Counsel Stack
Bluebook (online)
Maine § 31 §1343, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/31%20%C2%A71343.