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New York · Through 2026-09-11

N.Y. Partnership Law § 121-403: General powers and liabilities

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

§ 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.

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

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