New York § 121-404 - 121-404Contributions by a general partner
Full text of New York New York Consolidated Laws § 121-404 — 121-404Contributions by a general partner, with citation guidance and answers to common questions.
§ 121-404. 121-404Contributions by a general partner
§ 121-404. Contributions by a general partner. A general partner of a limited partnership shall make contributions to the limited partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A person who is a general partner also may make contributions and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the rights and powers, and is subject to the restrictions, of a limited partner to the extent of his participation in the partnership as a limited partner.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 121-404
What does New York Consolidated Laws § 121-404 cover?
Section 121-404 ("121-404Contributions by a general 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 § 121-404?
A common citation format is "New York Consolidated Laws § 121-404" (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 § 121-404 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.