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N.Y. PTR Law § 62

This is the official text of N.Y. PTR Law § 62, 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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Causes of dissolution

Official statutory text

§ 62. Causes of dissolution. Dissolution is caused:\n 1. Without violation of the agreement between the partners,\n (a) By the termination of the definite term or particular undertaking\nspecified in the agreement,\n (b) By the express will of any partner when no definite term or\nparticular undertaking is specified,\n (c) By the express will of all the partners who have not assigned\ntheir interests or suffered them to be charged for their separate debts,\neither before or after the termination of any specified term or\nparticular undertaking,\n (d) By the expulsion of any partner from the business bona fide in\naccordance with such a power conferred by the agreement between the\npartners;\n 2. In contravention of the agreement between the partners, where the\ncircumstances do not permit a dissolution under any other provision of\nthis section, by the express will of any partner at any time;\n 3. By any event which makes it unlawful for the business of the\npartnership to be carried on or for the members to carry it on in\npartnership;\n 4. By the death of any partner;\n 5. By the bankruptcy of any partner or the partnership;\n 6. By decree of court under section sixty-three.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.