N.Y. General Obligations Law Section 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.

Source: Section 15-107 — Release of partner, https://www.­nysenate.­gov/legislation/laws/GOB/15-107 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 15-107’s source at nysenate​.gov

Link Style