N.Y. PTR Law § 121-404
This is the official text of N.Y. PTR Law § 121-404, part of New York’s PTR Law — part of the compiled statutory law of New York, published by the state as "PTR Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Contributions by a general partner
Official statutory text
§ 121-404. Contributions by a general partner. A general partner of a\nlimited partnership shall make contributions to the limited partnership\nand share in the profits and losses of, and in distributions from, the\nlimited partnership as a general partner. A person who is a general\npartner also may make contributions and share in profits, losses, and\ndistributions as a limited partner. A person who is both a general\npartner and a limited partner has the rights and powers, and is subject\nto the restrictions and liabilities, of a general partner and, except as\nprovided in the partnership agreement, also has the rights and powers,\nand is subject to the restrictions, of a limited partner to the extent\nof his participation in the partnership as a limited partner.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.