Montana § 35-12-707 - Limited Duties Of Limited Partners
Full text of Montana Montana Code Annotated § 35-12-707 — Limited Duties Of Limited Partners, with citation guidance and answers to common questions.
§ 35-12-707. Limited Duties Of Limited Partners
Limited duties of limited partners. (1) A limited partner does not have any fiduciary duty to the limited partnership or to any other partner solely by reason of being a limited partner. (2) A limited partner shall discharge the duties to the partnership and the other partners under this chapter or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing. (3) 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 Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-12-707
What does Montana Code Annotated § 35-12-707 cover?
Section 35-12-707 ("Limited Duties Of Limited Partners") 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 § 35-12-707?
A common citation format is "Montana Code Annotated § 35-12-707" (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 § 35-12-707 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.