There is a newer version
of
this Section
2019 New Jersey Revised Statutes
Title 42 - Partnerships and Partnership Associations
Section 42:2A-33.1 - One person as both general and limited partner
Universal Citation: NJ Rev Stat § 42:2A-33.1 (2019)
42:2A-33.1. One person as both general and limited partner
One Person as Both General and Limited Partner. a. A person may be general partner and a limited partner in the same partnership at the same time.
b. A person who is a general, and also at the same time a limited partner, shall have all the rights and powers and be subject to all the restrictions of a general partner; except that, in respect to his contribution as a limited partner, he shall have the rights against the other partners which he would have had if he were not also a general partner.
L. 1988, c. 130, s. 47.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
