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Session Laws, 1997
Volume 795, Page 3700   View pdf image
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Ch. 654

1997 LAWS OF MARYLAND

CONTRIBUTION, OR OTHERWISE, FOR ANY DEBTS, OBLIGATIONS, OR LIABILITIES OF
OR CHARGEABLE TO THE PARTNERSHIP OR ANOTHER PARTNER, WHETHER
ARISING IN TORT, CONTRACT, OR OTHERWISE, WHICH ARE INCURRED, CREATED,
OR ASSUMED BY THE PARTNERSHIP WHILE THE PARTNERSHIP IS A LIMITED
LIABILITY PARTNERSHIP SOLELY BY REASON OF BEING A PARTNER IN THE
PARTNERSHIP OR ACTING OR OMITTING TO ACT IN SUCH CAPACITY OR RENDERING
PROFESSIONAL SERVICES OR OTHERWISE PARTICIPATING, AS AN EMPLOYEE,
CONSULTANT, CONTRACTOR, OR OTHERWISE, IN THE CONDUCT OF THE BUSINESS
OR ACTIVITIES OF THE PARTNERSHIP,

(D) SUBSECTION (C) OF THIS SECTION DOES 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, DIRECTLY SUPERVISING, OR COOPERATING WITH
THE OTHER PARTNER, EMPLOYEE, OR AGENT;

(2)     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

(3)     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.

(E) NOTHING IN SUBSECTION (C) 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.

9-307. ACTIONS BY AND AGAINST PARTNERSHIP AND PARTNERS.

(A)    A PARTNERSHIP MAY SUE AND BE SUED IN THE NAME OF THE
PARTNERSHIP.

(B)     AN ACTION MAY BE BROUGHT AGAINST THE PARTNERSHIP AND, EXCEPT
AS PROVIDED IN § 9-306 OF THIS SUBTITLE AND SUBSECTION (F) OF THIS SECTION,
ANY OR ALL OF THE PARTNERS IN THE SAME ACTION OR IN SEPARATE ACTIONS.

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Session Laws, 1997
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