New York Laws
Article 8-A - Revised Limited Partnership Act
121-1004 - Indemnification of General Partner.

(b) A limited partnership may indemnify, and may advance expenses to,
any general partner, including a general partner made a party to an
action in the right of a limited partnership to procure a judgment in
its favor by reason of the fact that he, his testator or intestate, is
or was a general partner in the limited partnership, provided that no
indemnification may be made to or on behalf of any general partner if a
judgment or other final adjudication adverse to the general partner
establishes that his acts were committed in bad faith or were the result
of active and deliberate dishonesty and were material to the cause of
action so adjudicated, or that he personally gained in fact a financial
profit or other advantage to which he was not legally entitled.

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