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New York · Through 2026-09-11

N.Y. Partnership Law § 98: Rights, powers and liabilities of a general partner

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

§ 98. Rights, powers and liabilities of a general partner. (1) A

general partner shall have all the rights and powers and be subject to

all the restrictions and liabilities of a partner in a partnership

without limited partners, except that without the written consent or

ratification of the specific act by all the limited partners, a general

partner or all of the general partners have no authority to

(a) Do any act in contravention of the certificate.

(b) Do any act which would make it impossible to carry on the ordinary

business of the partnership.

(c) Confess a judgment against the partnership.

(d) Possess partnership property, or assign their rights in specific

partnership property, for other than a partnership purpose.

(e) Admit a person as a general partner.

(f) Admit a person as a limited partner, unless the right so to do is

given in the certificate.

(g) Continue the business with partnership property on the death,

retirement or insanity of a general partner, unless the right so to do

is given in the certificate.

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

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