Section 121-403. General powers and liabilities  


Latest version.
  • (a) Except as provided in
      this article 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 article, a general partner of a limited
      partnership has the liabilities of a partner in  a  partnership  without
      limited  partners  to persons other than the limited partnership and the
      other partners.
        (c)  Except  as  provided  in  this  article  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 limited partnership and to the other partners.