- Statute
- Philippine Civil Code
- Article
- Art. 1843
- Topic
- Limited Partnership
- Status
- In force
- Book
- BOOK IV Obligations and Contracts
- Title
- TITLE IX PARTNERSHIP
- Chapter
- CHAPTER 4 Limited Partnership
- Year
- 1949
- Cited by
- Multiple Supreme Court decisions
The provision
A limited partnership is one formed by two or more persons under the provisions of the following article, having as members one or more general partners and one or more limited partners. The limited partners as such shall not be bound by the obligations of the partnership.
Intellegal Wiki · In plain terms
A limited partnership is made up of one or more general partners and one or more limited partners. The limited partners, in that capacity, are not personally bound by the partnership's obligations.
An editorially maintained plain-language explanation of this provision — not legal advice.
Cases applying this article
- Miguel Perez v. Juan Barcia
- Tuason v. Antonio Machuca
- Manila Surety & Fidelity Co. v. Batu Construction G.R. No. L-9353
Related provisions in this Chapter
Browse the Civil Code
Continue your research on Intellegal
Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.