2006 New York Code - Release Of Partner.



 
    § 15-107. Release   of   partner.  A  release  of  a  partner  from  a
  partnership liability  shall  release  his  co-partners  from  the  same
  liability  to  the  creditor giving the release, but after a partnership
  has been dissolved, by consent or otherwise,  any  partner  may  make  a
  separate  composition  or  compromise with any partnership creditor, and
  such composition or compromise shall discharge from such  liability  the
  partner making it, and him only.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.