Article 1848
RA 386 · Civil Code of the Philippines
ELI5— what this means for you
A limited partner shall not become liable as a general partner unless, in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business.
Official text — RA 386
A limited partner shall not become liable as a general partner unless, in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business.
Source: lawphil.net (RA 386 as amended)
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