New York Statutes
§ 121-403 — General powers and liabilities
New York § 121-403
This text of New York § 121-403 (General powers and liabilities) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Partnership § 121-403 (2026).
Text
§ 121-403. General powers and liabilities.
(a)Except as provided in\nthis article or in the partnership agreement, a general partner of a\nlimited partnership has the rights and powers and is subject to the\nrestrictions of a partner in a partnership without limited partners.\n (b) Except as provided in this article, a general partner of a limited\npartnership has the liabilities of a partner in a partnership without\nlimited partners to persons other than the limited partnership and the\nother partners.\n (c) Except as provided in this article or in the partnership\nagreement, a general partner of a limited partnership has the\nliabilities of a partner in a partnership without limited partners to\nthe limited partnership and to the other partners.\n
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Nearby Sections
15
§ 121-1001
Parties to actions§ 121-1002
Limited partners' derivative action§ 121-1003
Security for expenses§ 121-1004
Indemnification of general partner§ 121-101
Definitions§ 121-102
Partnership name§ 121-103
Reservation of partnership name§ 121-104-A
Resignation for receipt of process§ 121-105
Registered agent§ 121-106
Records§ 121-107
Nature of business§ 121-109-A
Electronic service of processCite This Page — Counsel Stack
Bluebook (online)
New York § 121-403, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/121-403.