New York Statutes

§ 96 — Limited partner not liable to creditors

New York § 96
JurisdictionNew York
Law PTRPartnership
Art. 8Limited Partnerships

This text of New York § 96 (Limited partner not liable to creditors) 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 § 96 (2026).

Text

§ 96. Limited partner not liable to creditors. A limited partner\nshall not become liable as a general partner unless, in addition to the\nexercise of his rights and powers as a limited partner, he takes part in\nthe control of the business; and the exercise of the rights and powers\ngranted by subdivision three of section ninety-nine of this chapter\nshall not constitute taking part in the control of the business. The\ncommencement of or other participation by a limited partner in an action\nbrought pursuant to section one hundred fifteen-a of this article shall\nnot be deemed to be a taking part in the control of the business within\nthe meaning of this section.\n

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Bluebook (online)
New York § 96, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/96.