A limited partner in an incorporated limited partnership may only be liable for a liability incurred by the partnership as a result of—
(a) the conduct of the incorporated limited partnership's business outside the State; or
(b) acts outside the State of a general partner, a limited partner or the incorporated limited partnership or of any officer, employee or agent of a general partner or of the incorporated limited partnership—
in circumstances where the limited partner would be so liable if the conduct or acts occurred within the State.
Section 98(2) imposes liability in certain circumstances on a limited partner who takes part in the management of the business of the incorporated limited partnership.
S. 104 inserted by No. 99/2003 s. 4.