Md. Code Ann., Corps. & Ass'ns § 10-403
General powers and liabilities
Effective Jul 1, 1998Added by Acts 1981, c. 801, § 2. Amended by Acts 1982, c. 873; Acts 1997, c. 654, § 2, eff. July 1, 1998.State of Maryland
- (a) Except as provided in this title or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions and liabilities of a partner in a partnership.
- (b) A general partner may not limit the general partner's liability in the partnership agreement to persons other than his partners or the limited partnership.
Added by Acts 1981, c. 801, § 2. Amended by Acts 1982, c. 873; Acts 1997, c. 654, § 2, eff. July 1, 1998.