2006 New York Code - Rights Of Retiring Or Estate Of Deceased Partner When The Business Is Continued.

 
    §  73.  Rights  of  retiring  or  estate  of deceased partner when the
  business is continued.   When any  partner  retires  or  dies,  and  the
  business  is  continued under any of the conditions set forth in section
  seventy-two, subdivisions one, two, three,  five  and  six,  or  section
  sixty-nine,  paragraph (b) of subdivision two, without any settlement of
  accounts as between him or his estate  and  the  person  or  partnership
  continuing  the  business,  unless  otherwise  agreed,  he  or his legal
  representative as against such persons or partnership may have the value
  of his interest at  the  date  of  dissolution  ascertained,  and  shall
  receive  as  an  ordinary  creditor  an amount equal to the value of his
  interest in the dissolved partnership with interest, or, at  his  option
  or  at  the option of his legal representative, in lieu of interest, the
  profits attributable to the use of his right  in  the  property  of  the
  dissolved  partnership;  provided  that  the  creditors of the dissolved
  partnership as against the separate creditors, or the representative  of
  the  retired  or  deceased  partner,  shall  have  priority on any claim
  arising  under  this  section,  as  provided  by  section   seventy-two,
  subdivision eight of this chapter.