May is one of three limited partners in a limited partnership. Each limited partner made a capital contribution of $20,000. If the partnership becomes insolvent, what is Mays personal liability for the partnerships outstanding obligations?

		$20,000: May's capital contribution
		May is a limited partner and has no liability.
		May is responsible to pay for any outstanding debt.
		May and the other partners are equally responsible to pay for any outstanding debts.