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The Laws of New York
Consolidated Laws of New York
CHAPTER 39
Partnership
ARTICLE 8
Limited Partnerships
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SECTION 116
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ARTICLE 8
Limited Partnerships
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SECTION 118
Rules for cases not covered
This entry was published on 2014-09-22
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SECTION 117
Rules of construction
Partnership (PTR) CHAPTER 39, ARTICLE 8
§ 117. Rules of construction. (1) The rule that statutes in
derogation of the common law are to be strictly construed shall have no
application to this article.

(2) This article shall be so interpreted and construed as to effect
its general purpose.

(3) This article shall not be so construed as to impair the
obligations of any contract existing when this article takes effect, nor
to affect any action or proceeding begun or right accrued before this
article takes effect.