N.Y. PTR Law § 121-604
This is the official text of N.Y. PTR Law § 121-604, part of New York’s PTR Law — part of the compiled statutory law of New York, published by the state as "PTR Law." Browse the sections below, each linked to its official government source.
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Right to distribution upon withdrawal
Official statutory text
§ 121-604. Right to distribution upon withdrawal. Except as provided\nin this article upon withdrawal any withdrawing partner is entitled to\nreceive any distribution to which he is entitled under the partnership\nagreement and, if not otherwise provided in the partnership agreement,\nhe is entitled to receive, within a reasonable time after withdrawal,\nthe fair value of his interest in the limited partnership as of the date\nof withdrawal based upon his right to share in distributions from the\nlimited partnership.\n
Status: in_force · Read it on the official government site
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