All the members of the copartnership, be they or be they not managing partners of the limited copartnership, are jointly and severally liable for the results of the transactions of the latter in the same manner and to the same extent as in general copartnerships, as set forth in § 1363 of this title.
They shall furthermore have the same rights and obligations which are prescribed in the foregoing sections for partners in general copartnerships.
The liability of special partners for the obligations and losses of the copartnership shall be limited to the funds which they contributed or bound themselves to contribute to the limited copartnership, with the exception of the case mentioned in § 1393 of this title.
Special partners cannot take any part whatsoever in the management of the business of the copartnership, not even in the capacity of special agents of the managing partners.
History —Commerce Code, 1932, § 125.