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New York Consolidated Laws, Partnership Law - PTR § 101. One person both general and limited partner

Current as of January 01, 2026 | Updated by Findlaw Staff

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

(2) 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 contributions, he shall have the rights against the other members which he would have had if he were not also a general partner.

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Cite this article: FindLaw.com - New York Consolidated Laws, Partnership Law - PTR § 101. One person both general and limited partner - last updated January 01, 2026 | https://codes.findlaw.com/ny/partnership-law/ptr-sect-101/

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