{"data":{"id":"us-nj/n.j.-stat.-42-2a-33","jurisdiction":"us-nj","citation":"N.J. Stat. § 42:2A-33","heading":"Contributions by general partner; profits and losses; distributions","body":"Contributions by general partner; profits and losses; distributions.  A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner.  A general partner also make make contributions to and share in profits, losses, and distributions as a limited partner.  A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his participation in the partnership as a limited partner.\nL. 1983, c. 489, s. 32, eff. April 1, 1985.","path":["TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"3742370bcc1509808e515c64a623e9f0878eefd150efc475ddbd81424df9290d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-42-2a-32","next":"us-nj/n.j.-stat.-42-2a-33.1"},"notice":"GroundRules: Original legal text. Not legal advice."}