359.201. Liability of limited partners to third parties.
Liability of limited partners to third parties.
359.201. A limited partner is not liable for the obligations of alimited partnership by reason of being a limited partner and does notbecome so by participating in the management or control of the business.
(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432, A.L. 1997 H.B. 655 merged with S.B. 170)Effective 6-24-97 (H.B. 655) 5-20-97 (S.B. 170)