R.S. 9:3431

Nature of partner's liability in ordinary partnership and in registered limited liability partnership ACTIVE

A. Notwithstanding any other provisions of law to the contrary contained in Civil Code Article 2817, a partner in a registered limited liability partnership shall not be individually liable for the liabilities and obligations of the partnership arising from errors, omissions, negligence, incompetence, malfeasance, or willful or intentional misconduct committed in the course of the partnership business by another partner or a representative of the partnership.

B. Nothing in this Section shall be construed as being in derogation of any rights which any person may have by law against a partner in a registered limited liability partnership because of any fraud practiced upon him, or because of any breach of professional duty or other negligent or wrongful act by such partner, or in derogation of any right which the registered limited liability partnership may have against any such partner because of any fraud practiced upon it by him.

C. Subsection A of this Section shall not affect the liability of a partner for his virile share of liabilities and obligations of the partnership arising from any cause other than those specified in said Subsection A.

D. Subsection A of this Section shall not affect the liability of partnership assets for partnership liabilities and obligations.

E. A partner, which by reason of Subsection A of this Section is not subject to liability, is not a proper party to a proceeding by or against a registered limited liability partnership, the object of which is to enforce the liabilities and obligations described in Subsection A of this Section.

Actions

References

None.

Cited by

History

  • enactment Acts 1992, No. 780, §1, eff. July 7, 1992
  • amendment Acts 1993, No. 475, §3, eff. June 9, 1993

Section navigation

Cite R.S. 9:3431

Bluebook
La. Rev. Stat. Ann. § 9:3431 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-3431
BibTeX
@misc{larevstat-9-3431,
  title        = {La. Rev. Stat. Ann. § 9:3431},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-3431},
  note         = {Snapshot 2026-05-22}
}