Common use of Status of Interests and Limitation of Personal Liability Clause in Contracts

Status of Interests and Limitation of Personal Liability. Interests shall be deemed to be personal property giving only the rights provided in this instrument. Ownership of Interests shall not entitle the Investors to any title in or to the whole or any part of Fund property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of Interests constitute the Investors partners of each other. Neither the Fund nor the Board of Directors, nor any officer, employee or agent of the Fund, shall have any power to bind personally any Investor, nor, except as specifically provided herein, to call upon any Investor for the payment of any sum of money or assessment whatsoever other than such as the Investor may at any time personally agree to pay.