Sunoco 2014 Annual Report Download - page 28
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26
A unitholder may not have limited liability if a state or federal court finds that we are not in compliance with the applicable
statutes or that unitholder action constitutes control of our business.
The limitations on the liability of holders of limited partner interests for the obligations of a limited partnership have not
been clearly established in some states. A unitholder could be held liable in some circumstances for our obligations to the same
extent as a general partner if a state or federal court determined that:
• we had been conducting business in any state without complying with the applicable limited partnership statute; or
• the right or the exercise of the right by the unitholders as a group to remove or replace our general partner, to approve
some amendments to the partnership agreement, or to take other action under the partnership agreement constituted
participation in the "control" of our business.
Under applicable state law, our general partner has unlimited liability for our obligations, including our debts and
environmental liabilities, if any, except for our contractual obligations that are expressly made without recourse to our general
partner.
In addition, Section 17-607 of the Delaware Revised Uniform Limited Partnership Act provides that under some
circumstances a unitholder may be liable to us for the amount of a distribution for a period of three years from the date of the
distribution.