Alabama § 10A-9A-3.05 - Limited Duties of Limited Partners.
Full text of Alabama Code of Alabama § 10A-9A-3.05 — Limited Duties of Limited Partners., with citation guidance and answers to common questions.
§ 10A-9A-3.05. Limited Duties of Limited Partners.
(a) Except as otherwise provided in subsection (b), a limited partner does not have any duty to the limited partnership or to any other partner solely by reason of being a limited partner.
(b) A limited partner shall discharge the duties to the limited partnership and the other partners under the partnership agreement and exercise any rights under this chapter or the partnership agreement consistently with the implied contractual covenant of good faith and fair dealing.
(c) A limited partner does not violate a duty or obligation under this chapter or under the partnership agreement merely because the limited partner’s conduct furthers the limited partner’s own interest.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-9A-3.05
What does Code of Alabama § 10A-9A-3.05 cover?
Section 10A-9A-3.05 ("Limited Duties of Limited Partners.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 10A-9A-3.05?
A common citation format is "Code of Alabama § 10A-9A-3.05" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 10A-9A-3.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.