It remains unclear under the law whether a limited partner's fiduciary duty is to his general partners or to the limited partnership.

Question

Quizplus · Accepted Answer

The law is unclear on this point and there is no clear answer. Some argue that the limited partner owes a fiduciary duty to both the general partners and the limited partnership, while others believe that the duty is owed only to the limited partnership. Ultimately, the specific terms of the partnership agreement and state law will dictate the scope of the limited partner's fiduciary duty.

It Remains Unclear Under the Law Whether a Limited Partner's