Part 2General
Liability of limited partners
30Liability of limited partner who takes part in management of limited partnership
A limited partner (A) is liable, to the same extent as a general partner, to a person (B) who deals with the limited partnership if, at the time that the debt or liability of the limited partnership to B was incurred, all of the following applied:
- A took part in the management of the limited partnership; and
- B knew that A took part in the management of the limited partnership; and
- B believed on reasonable grounds that A was a general partner.
Sections 23 and 28 do not apply in a case where subsection (1) applies.
A limited partner is not liable to a person who deals with a limited partnership for breach of section 20(1) except to the extent provided by this section.


