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Current as of January 01, 2026 | Updated by Findlaw Staff
A limited partner shall not become liable as a general partner unless, in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business; and the exercise of the rights and powers granted by subdivision three of section ninety-nine of this chapter shall not constitute taking part in the control of the business. The commencement of or other participation by a limited partner in an action brought pursuant to section one hundred fifteen-a of this article shall not be deemed to be a taking part in the control of the business within the meaning of this section.
Cite this article: FindLaw.com - New York Consolidated Laws, Partnership Law - PTR § 96. Limited partner not liable to creditors - last updated January 01, 2026 | https://codes.findlaw.com/ny/partnership-law/ptr-sect-96/
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