The IAS Court correctly held that petitioner estate is not a limited partner in respondent partnership with all of the rights attendant to that status under Partnership Law § 99. To accept petitioner's contention to the contrary would be to ignore Partnership Law § 108 (4) and (5) setting forth the steps that must be taken for an assignee to become a substituted limited partner, and Partnership Law § 110 (1) restricting the limited partner rights given to the...
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