Under the RULPA, a limited partner probably will not lose his limited liability in any of the following circumstances unless: ______.

Question

Quizplus · Accepted Answer

Under the Revised Uniform Limited Partnership Act (RULPA), a limited partner typically maintains limited liability and is not personally liable for the debts of the partnership, as long as they do not participate in the control of the business. Options A, B, and C describe activities that a limited partner can engage in without necessarily losing their limited liability status. However, failing to file a limited partnership certificate (Option D) is a procedural error that can jeopardize the limited partnership's legal standing and potentially the limited liability status of its partners.

Under the RULPA, a Limited Partner Probably Will Not Lose