(a) General rule.-Except as provided in subsection (b), a partner in a registered limited liability partnership shall not be individually liable, directly or indirectly, whether by way of indemnification, contribution or otherwise, for debts and obligations of, or chargeable to, the partnership that arise from any negligent or wrongful acts or misconduct committed by another partner or other representative of the partnership.
(b) Exceptions.-
(A) arising from any cause other than those specified in subsection (a); or
(B) as to which the partner has agreed in writing to be liable.
(c) Continuation of limited liability.-Neither the termination of the registration of a partnership under this subchapter nor the dissolution of the partnership shall affect the limitation on the liability of a partner in the partnership under this section with respect to negligent or wrongful acts or misconduct occurring while the registration under this subchapter was in effect.
(d) Cross reference.-See section 103 (relating to subordination of title to regulatory laws).
The complete Pennsylvania Statutes are not yet available on the web. However, selected portions have been made available and can be accessed by CLICKING HERE. These statutes, though available instantaneously over the web, may not be the current law. Court decisions overturning them, later statutes amending them, and a host of other factors come into play when interpreting them. They are provided here as a resource. They should provide some information about the state of the law. However, a competent lawyer, who from other sources will research the law to insure what is current, should always be employed in matters of importance.