There is a newer version
of
the New York Laws
2017 New York Laws
GOB - General Obligations
Article 15 - Modification and Discharge of Obligations
Title 1 - Discharge of Joint Obligors
15-107 - Release of Partner.
Universal Citation: NY Gen Oblig L § 15-107 (2017)
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.
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