N.Y. PTR Law § 63
This is the official text of N.Y. PTR Law § 63, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Dissolution by decree of court
Official statutory text
§ 63. Dissolution by decree of court. The court shall decree a\ndissolution.\n 1. On application by or for a partner whenever:\n (a) A partner has been declared incompetent in any judicial proceeding\nor is shown to be of unsound mind,\n (b) A partner becomes in any other way incapable of performing his\npart of the partnership contract,\n (c) A partner has been guilty of such conduct as tends to affect\nprejudicially the carrying on of the business,\n (d) A partner wilfully or persistently commits a breach of the\npartnership agreement, or otherwise so conducts himself in matters\nrelating to the partnership business that it is not reasonably\npracticable to carry on the business in partnership with him,\n (e) The business of the partnership can only be carried on at a loss,\n (f) Other circumstances render a dissolution equitable;\n 2. On the application of the purchaser of a partner's interest under\nsections fifty-three or fifty-four:\n (a) After the termination of the specified term or particular\nundertaking,\n (b) At any time if the partnership was a partnership at will when the\ninterest was assigned or when the charging order was issued.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
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.