67Limitation of liability of limited partners

67 Limitation of liability of limited partners (1) A limited partner has no liability for the liabilities of the incorporated limited partnership or a general partner.

(2) Subsection (1), section 73 (Liability for conduct, acts or omissions outside the ACT) or section 74 (Incorporated limited partnerships formed under corresponding laws) does not prevent— (a) a contribution of capital or property made by a limited partner to the incorporated limited partnership being used in satisfaction of a liability of an incorporated limited partnership or a general partner; or (b) an obligation of a limited partner to contribute capital or property to the incorporated limited partnership being enforced by anyone to whom the obligation is owed in satisfaction of a liability of the partnership or a general partner. (3) This section is subject to section 68.