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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2a:
Section: 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 section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2a-33.1 (if available):
Court decisions that cite this statute:
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