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New York · Through 2026-09-11

N.Y. Partnership Law § 96: Limited partner not liable to creditors

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Where this section sits in the code
  1. Partnership Law
  2. Article 8. Limited Partnerships

§ 96. Limited partner not liable to creditors. A limited partner

shall not become liable as a general partner unless, in addition to the

exercise of his rights and powers as a limited partner, he takes part in

the control of the business; and the exercise of the rights and powers

granted by subdivision three of section ninety-nine of this chapter

shall not constitute taking part in the control of the business. The

commencement of or other participation by a limited partner in an action

brought pursuant to section one hundred fifteen-a of this article shall

not be deemed to be a taking part in the control of the business within

the meaning of this section.

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

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