There Is a Newer Version of the New York Consolidated Laws
  1. 2025 N.Y. Laws
  2. 2024 N.Y. Laws
  3. 2023 N.Y. Laws
  4. 2012 N.Y. Laws (here)
  5. View All Versions
View Our Newest Version Here

2012 New York Consolidated Laws
PTR - Partnership
Article 8 - (90 - 119) LIMITED PARTNERSHIPS.
111 - Rights of creditors of limited partner.


NY Pship L § 111 (2012) What's This?
 
    § 111. Rights of creditors of limited partner.  (1) On due application
  to  a  court  of  competent  jurisdiction  by any judgment creditor of a
  limited partner, the court may  charge  the  interest  of  the  indebted
  limited  partner  with payment of the unsatisfied amount of the judgment
  debt; and may appoint a receiver, and make all other orders, directions,
  and inquiries which the circumstances of the case may require.
    (2) The interest may be redeemed with the  separate  property  of  any
  general partner, but may not be redeemed with partnership property.
    (3)  The  remedies  conferred by subdivision one of this section shall
  not be deemed exclusive of others which may exist.
    (4) Nothing in this act shall be held to deprive a limited partner  of
  his statutory exemption.

Disclaimer: These codes may not be the most recent version. New York 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.