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New York · Through 2026-09-11

N.Y. Partnership Law § 121-110: The partnership agreement

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Where this section sits in the code
  1. Partnership Law
  2. Article 8-A. Revised Limited Partnership Act

§ 121-110. The partnership agreement. (a) The partnership agreement

shall be signed by all general partners, in person or by attorneys in

fact, and may, but need not, be signed by the limited partners.

(b) A limited partnership shall have a written partnership agreement.

Except as provided in sections 121-702 and 121-705 of this article, no

person shall have any rights, or be subject to the liabilities, of a

general partner who has not signed the partnership agreement in person

or by attorney in fact.

(c) The partnership agreement of a limited partnership may be amended

from time to time as provided therein; provided, however, that, except

as may be provided otherwise in the partnership agreement, without the

written consent of each partner adversely affected thereby, no amendment

of the partnership agreement shall be made which (i) increases the

obligations of any limited partner to make contributions, (ii) alters

the allocation for tax purposes of any items of income, gain, loss,

deduction or credit, (iii) alters the manner of computing the

distributions of any partner, (iv) alters, except as provided in

subdivision (a) of section 121-302 of this article, the voting or other

rights of any limited partner, (v) allows the obligation of a partner to

make a contribution to be compromised by consent of fewer than all

partners or (vi) alters the procedures for amendment of the partnership

agreement.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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