Sec. 34-327. Liability of partner. Insurance.
Sec. 34-327. Liability of partner. Insurance. (a) Except as otherwise provided
in subsections (b), (c) and (d), all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by the claimant or provided by law.
(b) A person admitted as a partner into an existing partnership is not personally
liable for any partnership obligation incurred before the person's admission as a partner.
(c) Subject to subsection (d) of this section, a partner in a registered limited liability
partnership is not liable directly or indirectly, including by way of indemnification,
contribution or otherwise, for any debts, obligations and liabilities of or chargeable to the
partnership or another partner or partners, whether arising in contract, tort or otherwise,
arising in the course of the partnership business while the partnership is a registered
limited liability partnership.
(d) The provisions of subsection (c) of this section shall not affect the liability of a
partner in a registered limited liability partnership for his own negligence, wrongful
acts or misconduct, or that of any person under his direct supervision and control.
(e) A registered limited liability partnership that consists of partners who render
professional service, as defined in section 34-101, shall continuously maintain professional liability insurance in an amount not less than two hundred fifty thousand dollars.
(P.A. 95-341, S. 18, 58; P.A. 96-254, S. 2, 10.)
History: P.A. 95-341 effective July 1, 1997; P.A. 96-254 amended Subsec. (c) to provide that a partner is not liable
"for any debts, obligations and liabilities of or chargeable to the partnership or another partner or partners, whether arising
in contract, tort or otherwise, arising in the course of the partnership business while the partnership is a registered limited
liability partnership" rather than "for debts, obligations and liabilities of or chargeable to the partnership arising from
negligence, wrongful acts or misconduct committed while the partnership is a registered limited liability partnership and
in the course of the partnership business by another partner or employee, agent or representative of the partnership" and
added Subsec. (e) to require a registered limited liability partnership consisting of partners who render professional service
to continuously maintain professional liability insurance in an amount not less than $250,000, effective July 1, 1997, but
inapplicable to any action pending or cause of action existing on or before said date or any action existing for the collection
of any judgment or settlement arising out of any action or cause of action existing on or before said date.
Subsec. (c):
Protects partners in a registered limited liability partnership from personal liability. 88 CA 445.
Defendant partners protected from liability in suit against third partner, since they shared no benefit, did not have direct
supervision or control over third partner and did not know about the matter until after the event. 46 CS 35.