Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8632 - No agency power of limited partner as limited partner(a) General rule.--A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.(b)Creation of partnership liability.--A person's status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person's conduct.Added by P.L. TBD 2016 No. 170, § 27, eff. 2/19/2017.