New York § 98 - 98Rights, powers and liabilities of a general partner
Full text of New York New York Consolidated Laws § 98 — 98Rights, powers and liabilities of a general partner, with citation guidance and answers to common questions.
§ 98. 98Rights, powers and liabilities of a general partner
§ 98. Rights, powers and liabilities of a general partner. (1) A general partner shall have all the rights and powers and be subject to all the restrictions and liabilities of a partner in a partnership without limited partners, except that without the written consent or ratification of the specific act by all the limited partners, a general partner or all of the general partners have no authority to (a) Do any act in contravention of the certificate. (b) Do any act which would make it impossible to carry on the ordinary business of the partnership. (c) Confess a judgment against the partnership. (d) Possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose. (e) Admit a person as a general partner. (f) Admit a person as a limited partner, unless the right so to do is given in the certificate. (g) Continue the business with partnership property on the death, retirement or insanity of a general partner, unless the right so to do is given in the certificate.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 98
What does New York Consolidated Laws § 98 cover?
Section 98 ("98Rights, powers and liabilities of 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 § 98?
A common citation format is "New York Consolidated Laws § 98" (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 § 98 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.