Montana § 35-12-703 No Liability As Limited Partner For Limited Partnership Obligations

Montana Statutes

§ 35-12-703 — No Liability As Limited Partner For Limited Partnership Obligations

Montana § 35-12-703

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 12LIMITED PARTNERSHIPS

Part 7Limited Partners

This text of Montana § 35-12-703 (No Liability As Limited Partner For Limited Partnership Obligations) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-12-703 (2026).

Text

35-12-703 . No liability as limited partner for limited partnership obligations. 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 a 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.

Free access — add to your briefcase to read the full text and ask questions with AI

35-12-703 . No liability as limited partner for limited partnership obligations. 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 a 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.