Montana § 35-12-703 - No Liability As Limited Partner For Limited Partnership Obligations
Full text of Montana Montana Code Annotated § 35-12-703 — No Liability As Limited Partner For Limited Partnership Obligations, with citation guidance and answers to common questions.
§ 35-12-703. No Liability As Limited Partner For Limited Partnership Obligations
No liability as limited partner for limited partnership obligations. An obligation of a limited partnership, whether arising in contract, tort, or otherwise, is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of a limited partnership solely by reason of being a limited partner even if the limited partner participates in the management and control of the limited partnership.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-12-703
What does Montana Code Annotated § 35-12-703 cover?
Section 35-12-703 ("No Liability As Limited Partner For Limited Partnership Obligations") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 35-12-703?
A common citation format is "Montana Code Annotated § 35-12-703" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-12-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.