New York Laws
Article 8-A - Revised Limited Partnership Act
121-704 - Right of Assignee to Become Limited Partner.

(b) An assignee who has become a limited partner has, to the extent
assigned, the rights and powers, and is subject to the restrictions and
liabilities, of a limited partner under the partnership agreement and
this article. Notwithstanding the foregoing, unless otherwise provided
in the partnership agreement, an assignee who becomes a limited partner
is liable for the obligations of his assignor to make contributions as
provided in section 121-502 of this article, but shall not be liable for
the obligations of his assignor under sections 121-603 and 121-607 of
this article. However, the assignee is not obligated for liabilities,
including the obligations of his assignor to make contributions as
provided in section 121-502 of this article, unknown to the assignee at
the time he becomes a limited partner.

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