14-11011. Interest as general partner
A. Except to the extent that personal liability is imposed in the contract, a trustee who holds an interest as a general partner in a general or limited partnership is not personally liable on a contract entered into by the partnership after the trust's acquisition of the interest if the fiduciary capacity was disclosed in the contract or in a statement previously filed pursuant to the uniform partnership act or the uniform limited partnership act.
B. A trustee who holds an interest as a general partner is not personally liable for torts committed by the partnership or for obligations arising from ownership or control of the interest unless the trustee is personally at fault.
Section: Previous 14-11004 14-11005 14-11006 14-11007 14-11008 14-11009 14-11010 14-11011 14-11012 14-11013 14-11014 14-11015 14-11101 14-11102 14-12101 NextLast modified: October 13, 2016