Pennsylvania § 8632 No agency power of limited partner as limited partner

Pennsylvania Statutes

§ 8632 — No agency power of limited partner as limited partner

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART III·Ch. 86 LIMITED PARTNERSHIPS·Subch. LIMITED PARTNERS

(a)General rule.--A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.

(b)Creation of partnership liability.--A person's status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person's conduct.

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