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New York Partnership Law Section 94 - Name Not To Contain Surname Of Limited Partner; Exceptions.

Legal Research Home > New York Lawyer > Partnership > New York Partnership Law Section 94 - Name Not To Contain Surname Of Limited Partner; Exceptions.

    § 94. Name not to contain surname of limited partner; exceptions.  (1)
  The  surname  of  a  limited partner shall not appear in the partnership
  name, unless
    (a) It is also the surname of a general partner, or
    (b) Prior to the  time  when  the  limited  partner  became  such  the
  business had been carried on under a name in which his surname appeared.
    (2)  A  limited  partner  whose  name  appears  in  a partnership name
  contrary to the provisions of subdivision one of this section is  liable
  as  a  general partner to partnership creditors who extend credit to the
  partnership without actual knowledge that he is not a general partner.

Last modified: August 9, 2006