N.J.S.A. 42:2A-33.1 — One person as both general and limited partner

42:2A-33.1. One person as both general and limited partner One Person as Both General and Limited Partner. a. A person may be general partner and a limited partner in the same partnership at the same time. b. 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 contribution as a limited partner, he shall have the rights against the other partners which he would have had if he were not also a general partner. L. 1988, c. 130, s. 47.

This is the verbatim text of N.J.S.A. 42:2A-33.1, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.