N.Y. PTR Law § 65
This is the official text of N.Y. PTR Law § 65, 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 of partner to contribution from copartners after dissolution
Official statutory text
§ 65. Right of partner to contribution from copartners after\ndissolution. Where the dissolution is caused by the act, death or\nbankruptcy of a partner, each partner is liable to his copartners for\nhis share of any liability created by any partner acting for the\npartnership as if the partnership had not been dissolved unless\n 1. The dissolution being by act of any partner, the partner acting for\nthe partnership had knowledge of the dissolution,\n 2. The dissolution being by the death or bankruptcy of a partner, the\npartner acting for the partnership had knowledge or notice of the death\nor bankruptcy, or\n 3. The liability is for a debt, obligation or liability for which the\npartner is not liable as provided in subdivision (b) of section\ntwenty-six of this chapter.\n
Status: in_force · Read it on the official government site
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