Carhart & Bro. v. Killough
Carhart & Bro. v. Killough
Opinion of the Court
Opinion by
§ 112. Limited partnership; extent of parties’ liability in. It is well settled that a creditor who deals with a partnership after he has express notice of an arrangement between the partners by which the liability of one or more of them is limited or qualified, is bound by such arrangement. [Story on Part. § 130; Baxter v. Clark, 4 Iredell (Law), 127.]
§ 113. Same; object, etc., of our statute; substantial compliance with. The primary object of our statute with reference to limited partnerships was to furnish parties a means of giving constructive notice of the arrangement between the partners restricting the liability of some of
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.