(a) The investors in a fund shall answer for the fund’s debts or obligations only up to the total amount invested.
(b) Passive investors in a designated entity shall answer for the designated entity’s debts or obligations only up to the total amount invested.
(c) Non-passive investors in a designated entity shall answer for the designated entity’s debts or obligations up to the total amount corresponding to them under the applicable laws.
History —Oct. 6, 1987, No. 3, p. 840, § 6; July 11, 1996, No. 70, § 6.