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New York Partnership Law Section 4 - Rules Of Construction.

Legal Research Home > New York Lawyer > Partnership > New York Partnership Law Section 4 - Rules Of Construction.

    § 4. 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 chapter.
    2. The law of estoppel shall apply under this chapter.
    3. The law of agency shall apply under this chapter.
    4. This chapter shall be so interpreted and construed as to effect its
  general purpose to make uniform the law of those states which enact it.
    5. This chapter shall not be construed so as to impair the obligations
  of  any  contract  existing  when  the  chapter goes into effect, nor to
  affect any action or proceedings begun  or  right  accrued  before  this
  chapter takes effect.

Last modified: August 10, 2006