D.C. Code § 29-703.02
No agency power of limited partner as limited partner.
Effective Mar 5, 2013July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(g)(4)(B), 59 DCR 13171
- (a) A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.
- (b) A person’s status as a limited partner does not prevent or restrict the law, other than in this title, from imposing liability on a limited partnership because of the person’s conduct.
Editor's Notes
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
Uniform Law: This section is based on § 302 of the Uniform Limited Partnership Act (2001 Act).
History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Mar. 5, 2013, D.C. Law 19-210, § 2(g)(4)(B), 59 DCR 13171
Effect of Amendments
The 2013 amendment by D.C. Law 19-210 rewrote the section.