State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-2a > 42-2a-33-1

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.