Which of the following statements is true under the 2001 revision to the Revised Uniform Limited Partnership Act (RULPA)?
A) A limited partner cannot be held liable for the partnership debts unless he or she participates in the management of the limited partnership.
B) A limited partner can be held liable for the partnership debts under any circumstance.
C) A limited partner can be held liable for the partnership debts if he or she receives profits.
D) A limited partner cannot be held liable for the partnership debts even if he or she participates in the management and control of the limited partnership.
D
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