North Carolina § 59-303 - Liability to third parties.
Full text of North Carolina North Carolina General Statutes § 59-303 — Liability to third parties., with citation guidance and answers to common questions.
§ 59-303. Liability to third parties.
A limited partner is not liable for the obligations of a limited partnership by reason of being a limited partner and does not become liable for the obligations of a limited partnership by participating in the management or control of the business of the limited partnership. History (1985 (Reg. Sess., 1986), c. 989, s. 2; 1997-456, s. 27; 1999-362, s. 18.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 59-303
What does North Carolina General Statutes § 59-303 cover?
Section 59-303 ("Liability to third parties.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 59-303?
A common citation format is "North Carolina General Statutes § 59-303" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.