There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2016 New York Laws
PTR - Partnership
Article 8-A - (Partnership) REVISED LIMITED PARTNERSHIP ACT
121-403 - General powers and liabilities.

NY Pship L § 121-403 (2016) What's This?
  121-403.  General powers and liabilities. (a) Except as provided in
  this article or in the partnership agreement, a  general  partner  of  a
  limited  partnership  has  the  rights  and powers and is subject to the
  restrictions of a partner in a partnership without limited partners.

(b) Except as provided in this article, a general partner of a limited
  partnership has the liabilities of a partner in  a  partnership  without
  limited  partners  to persons other than the limited partnership and the
  other partners.

(c)  Except  as  provided  in  this  article  or  in  the  partnership
  agreement,   a   general  partner  of  a  limited  partnership  has  the
  liabilities of a partner in a partnership without  limited  partners  to
  the limited partnership and to the other partners.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.