GroundRules
11 V.S.A. § 3433: General powers and liabilities
Where this section sits in the code
- Title 11: Corporations, Partnerships and Associations
- Chapter 023: Limited Partnerships
- Subchapter 004: GENERAL PARTNERS
(a) Except as provided in this chapter 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 chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter 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 partnership and to the other partners.
Collected 2026-09-05T16:00:51Z. Source file · JSON