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Vermont Statutes Title 11. Corporations, Partnerships and Associations, § 3433. General powers and liabilities

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions 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 in 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.

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Cite this article: FindLaw.com - Vermont Statutes Title 11. Corporations, Partnerships and Associations, § 3433. General powers and liabilities - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-11-corporations-partnerships-and-associations/vt-st-tit-11-sect-3433/

Read this complete Vermont Statutes Title 11. Corporations, Partnerships and Associations, § 3433. General powers and liabilities on Westlaw

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