New York § 101 - 101One person both general and limited partner
Full text of New York New York Consolidated Laws § 101 — 101One person both general and limited partner, with citation guidance and answers to common questions.
§ 101. 101One person both general and limited partner
§ 101. One person both general and limited partner. (1) A person may be a general partner and a limited partner in the same partnership at the same time. (2) A person who is a general, and also at the same time a limited partner, shall have all the rights and powers and be subject to all the restrictions of a general partner; except that, in respect to his contributions, he shall have the rights against the other members which he would have had if he were not also a general partner.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 101
What does New York Consolidated Laws § 101 cover?
Section 101 ("101One person both general and limited partner") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 101?
A common citation format is "New York Consolidated Laws § 101" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.