New Jersey § 42:2A-33.1 One person as both general and limited partner

New Jersey Statutes

§ 42:2A-33.1 — One person as both general and limited partner

New Jersey § 42:2A-33.1

Title 42PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

This text of New Jersey § 42:2A-33.1 (One person as both general and limited partner) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 42:2A-33.1 (2026).

Text

One Person as Both General and Limited Partner.

a.A person may be general partner and a limited partner in the same partnership at the same time.

b.A person who is a general, and also at the same time a limited partner, shall have all the rights and powers and be subject to all the restrictions of a general partner; except that, in respect to his contribution as a limited partner, he shall have the rights against the other partners which he would have had if he were not also a general partner. L. 1988, c. 130, s. 47.

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One Person as Both General and Limited Partner. a. A person may be general partner and a limited partner in the same partnership at the same time. b. A person who is a general, and also at the same time a limited partner, shall have all the rights and powers and be subject to all the restrictions of a general partner; except that, in respect to his contribution as a limited partner, he shall have the rights against the other partners which he would have had if he were not also a general partner. L. 1988, c. 130, s. 47.