Vt. Stat. tit. 11 § 3433

Current through L. 2024, c. 185.
Section 3433 - General powers and liabilities
(a) Except as provided in this chapter 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 chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter 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 partnership and to the other partners.

11 V.S.A. § 3433

Added 1997, No. 149 (Adj. Sess.), § 4, eff. 1/1/1999.