Dissolution by decree of court
Source:
Section 63 — Dissolution by decree of court, https://www.nysenate.gov/legislation/laws/PTR/63 (updated Sep. 22, 2014; accessed Jan. 18, 2025).
60
Dissolution defined 61
Partnership not terminated by dissolution 62
Causes of dissolution 63
Dissolution by decree of court 64
General effect of dissolution on authority of partner 65
Right of partner to contribution from copartners after dissolution 66
Power of partner to bind partnership to third persons after dissolution 67
Effect of dissolution on partner’s existing liability 68
Right to wind up 69
Rights of partners to application of partnership property 1 70
Rights where partnership is dissolved for fraud, or misrepresentation 71
Rules for distribution 71‑A
Payment of wages by receivers 72
Liability of persons continuing the business in certain cases 73
Rights of retiring or estate of deceased partner when the business is continued 74
Accrual of actions 75
Continuance of partnership business during action for accounting
Dissolution defined 61
Partnership not terminated by dissolution 62
Causes of dissolution 63
Dissolution by decree of court 64
General effect of dissolution on authority of partner 65
Right of partner to contribution from copartners after dissolution 66
Power of partner to bind partnership to third persons after dissolution 67
Effect of dissolution on partner’s existing liability 68
Right to wind up 69
Rights of partners to application of partnership property 1 70
Rights where partnership is dissolved for fraud, or misrepresentation 71
Rules for distribution 71‑A
Payment of wages by receivers 72
Liability of persons continuing the business in certain cases 73
Rights of retiring or estate of deceased partner when the business is continued 74
Accrual of actions 75
Continuance of partnership business during action for accounting
