WILLIAM DONALD SCHAEFER, Governor                            Ch. 494

(B)     SUBJECT TO THE PROVISIONS OF SUBSECTION (C) OF THIS SECTION, A
PARTNER OF A PARTNERSHIP REGISTERED AS A LIMITED LIABILITY PARTNERSHIP
IS NOT LIABLE FOR ANY DEBTS AND OBLIGATIONS OF THE PARTNERSHIP THAT
ARISE FROM A NEGLIGENT OR WRONGFUL ACT OR OMISSION OF ANOTHER
PARTNER OR AN EMPLOYEE OR AGENT OF THE PARTNERSHIP OCCURRING WHILE
THE PARTNERSHIP IS A LIMITED LIABILITY PARTNERSHIP.

(C)     SUBSECTION (B) OF THIS SECTION SHALL NOT AFFECT:

(1)      THE LIABILITY OF A PARTNER OF A LIMITED LIABILITY
PARTNERSHIP FOR DEBTS AND OBLIGATIONS OF THE PARTNERSHIP THAT ARISE
FROM ANY NEGLIGENT OR WRONGFUL ACT OR OMISSION OF THE PARTNER OR OF
ANOTHER PARTNER, EMPLOYEE, OR AGENT OF THE PARTNERSHIP IF THE PARTNER
IS NEGLIGENT IN APPOINTING, SUPERVISING, OR COOPERATING WITH THE OTHER
PARTNER, EMPLOYEE, OR AGENT;

(2)      THE LIABILITY OF A PARTNER FOR ANY DEBTS OR OBLIGATIONS OF
THE PARTNERSHIP ARISING FROM ANY CAUSE OTHER THAN THOSE SPECIFIED IN
SUBSECTION (B) OF THIS SECTION; OR

(3)      THE LIABILITY OF THE PARTNERSHIP FOR ALL ITS DEBTS AND
OBLIGATIONS OR THE AVAILABILITY OF THE ENTIRE ASSETS OF THE PARTNERSHIP
TO SATISFY ITS DEBTS AND OBLIGATIONS; OR

(4) THE LIABILITY OF A PARTNER FOR DEBTS AND OBLIGATIONS OF
THE PARTNERSHIP, WHETHER IN CONTRACT OR IN TORT, THAT ARISE FROM OR
RELATE TO A CONTRACT MADE BY THE PARTNERSHIP PRIOR TO ITS REGISTRATION
AS A LIMITED LIABILITY PARTNERSHIP, UNLESS THE REGISTRATION WAS
CONSENTED TO IN WRITING BY THE PARTY TO THE CONTRACT THAT IS SEEKING TO
ENFORCE THE DEBT OR OBLIGATION.

(D) NOTHING IN SUBSECTION (B) OF THIS SECTION IS INTENDED TO RESTRICT
OR LIMIT IN ANY MANNER THE AUTHORITY AND DUTY OF A REGULATORY BODY
THAT LICENSES PROFESSIONALS WITHIN THIS STATE TO LICENSE PERSONS WHO
RENDER PROFESSIONAL SERVICES OR TO REGULATE THE PRACTICE OF ANY
PROFESSION THAT IS WITHIN THE JURISDICTION OF THE REGULATORY BODY,
NOTWITHSTANDING THAT THE PERSON IS A PARTNER, EMPLOYEE, OR AGENT OF A
LIMITED LIABILITY PARTNERSHIP AND IS RENDERING THE PROFESSIONAL
SERVICES OR ENGAGING IN THE PRACTICE OF THE PROFESSION THROUGH THE
LIMITED LIABILITY PARTNERSHIP.

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