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§ 29-703-02 — District of Columbia Law | CourtGPT
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  2. Laws/
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  4. Title 29 - Business Organizations. [Enacted Title]/
  5. Chapter 7 - Limited Partnershipssub/
  6. Subchapter III - Limited Partners§ 29–703.01. Becoming Limited Partner/
  7. § 29-703-02
District of Columbia Legal Code

§ 29-703-02

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02. No agency power of limited partner as limited partner. (a) A limited partner is not an agent of a limited partnership solely by reason of being a limited partner. (b) A person’s status as a limited partner does not prevent or restrict the law, other than in this title, from imposing liability on a limited partnership because of the person’s conduct. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(g)(4)(B), 59 DCR 13171.) Effect of Amendments The 2013 amendment by D.C. Law 19-210 rewrote the section. Editor's Notes Uniform Law: This section is based on § 302 of the Uniform Limited Partnership Act (2001 Act). Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.