Vermont § 3433 - General powers and liabilities

Full text of Vermont Vermont Statutes Online § 3433 — General powers and liabilities, with citation guidance and answers to common questions.

§ 3433. General powers and liabilities

  • (a) Except as provided in this chapter or in the partnership agreement, a general partner
    of a limited partnership has the rights and powers and is subject to the restrictions
    of a partner in a partnership without limited partners. (b) Except as provided in this chapter, a general partner of a limited partnership has
    the liabilities of a partner in a partnership without limited partners to persons
    other than the partnership and the other partners. Except as provided in this chapter
    or in the partnership agreement, a general partner of a limited partnership has the
    liabilities of a partner in a partnership without limited partners to the partnership
    and to the other partners. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)

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Frequently Asked Questions About Vermont § 3433

What does Vermont Statutes Online § 3433 cover?

Section 3433 ("General powers and liabilities") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 3433?

A common citation format is "Vermont Statutes Online § 3433" (Vermont). 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 Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 3433 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.