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2013 New York Consolidated Laws
PTR - Partnership
Article 8 - (90 - 119) LIMITED PARTNERSHIPS.
96 - Limited partner not liable to creditors.


NY Pship L § 96 (2012) What's This?
 
    §  96.  Limited  partner  not liable to creditors.   A limited partner
  shall not become liable as a general partner unless, in addition to  the
  exercise of his rights and powers as a limited partner, he takes part in
  the  control  of the business; and the exercise of the rights and powers
  granted by subdivision three of  section  ninety-nine  of  this  chapter
  shall  not  constitute  taking part in the control of the business.  The
  commencement of or other participation by a limited partner in an action
  brought pursuant to section one hundred fifteen-a of this article  shall
  not  be deemed to be a taking part in the control of the business within
  the meaning of this section.

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