N.J. Stat. § 42:2A-32

Current through L. 2024, c. 40.
Section 42:2A-32 - General powers and liabilities
a. Except as expressly provided in this chapter, a general partner of a limited partnership is subject to the restrictions of a partner in a partnership without limited partners and except as provided in this chapter or in the partnership agreement has the rights and powers 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 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.

N.J.S. § 42:2A-32

L.1983, c.489, s.31, eff. 4/1/1985.