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New York Partnership Law Section 65 - Right Of Partner To Contribution From Copartners After Dissolution.

Legal Research Home > New York Lawyer > Partnership > New York Partnership Law Section 65 - Right Of Partner To Contribution From Copartners After Dissolution.

    § 65.  Right  of  partner  to  contribution  from  copartners  after
  dissolution.   Where the dissolution is caused  by  the  act,  death  or
  bankruptcy  of  a  partner, each partner is liable to his copartners for
  his share of any  liability  created  by  any  partner  acting  for  the
  partnership as if the partnership had not been dissolved unless
    1. The dissolution being by act of any partner, the partner acting for
  the partnership had knowledge of the dissolution,
    2.  The dissolution being by the death or bankruptcy of a partner, the
  partner acting for the partnership had knowledge or notice of the  death
  or bankruptcy, or
    3.  The liability is for a debt, obligation or liability for which the
  partner is  not  liable  as  provided  in  subdivision  (b)  of  section
  twenty-six of this chapter.

Last modified: August 9, 2006