ยง 96. Limited partner not liable to creditors. 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.
Structure New York Laws
Article 8 - Limited Partnerships.
90 - Limited Partnership Defined.
92 - Business Which May Be Carried On.
93 - Character of Limited Partner's Contribution.
94 - Name Not to Contain Surname of Limited Partner; Exceptions.
95 - Liability for False Statements in Certificate.
96 - Limited Partner Not Liable to Creditors.
97 - Admission of Additional Limited Partners.
98 - Rights, Powers and Liabilities of a General Partner.
99 - Rights of a Limited Partner.
100 - Status of Person Erroneously Believing Himself a Limited Partner.
101 - One Person Both General and Limited Partner.
102 - Loans and Other Business Transactions With Limited Partner.
103 - Relation of Limited Partners Inter Se.
104 - Compensation of Limited Partner.
105 - Withdrawal or Reduction of Limited Partner's Contribution.
106 - Liability of Limited Partner to Partnership.
107 - Nature of Interest in Partnership.
109 - Effect of Retirement, Death or Insanity of a General Partner.
110 - Death of Limited Partner.
111 - Rights of Creditors of Limited Partner.
113 - Certificate Cancelled or Amended.
114 - Requirements for Amendment or Cancellation.