New York Statutes
§ 121-603 — Withdrawal of a limited partner
New York § 121-603
This text of New York § 121-603 (Withdrawal of a limited partner) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Partnership § 121-603 (2026).
Text
§ 121-603. Withdrawal of a limited partner.
(a)A limited partner may\nwithdraw from a limited partnership at the time or upon the happening of\nevents specified in the partnership agreement and in accordance with the\npartnership agreement. Notwithstanding anything to the contrary under\napplicable law, unless a partnership agreement provides otherwise, a\nlimited partner may not withdraw from a limited partnership prior to the\ndissolution and winding up of the limited partnership. Notwithstanding\nanything to the contrary under applicable law, a partnership agreement\nmay provide that a partnership interest may not be assigned prior to the\ndissolution and winding up of the limited partnership.\n (b) A limited partnership whose original certificate of limited\npartnership was filed
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Related
In re Fitzgerald
228 A.D.2d 591 (Appellate Division of the Supreme Court of New York, 1996)
Nearby Sections
15
§ 121-1001
Parties to actions§ 121-1002
Limited partners' derivative action§ 121-1003
Security for expenses§ 121-1004
Indemnification of general partner§ 121-101
Definitions§ 121-102
Partnership name§ 121-103
Reservation of partnership name§ 121-104-A
Resignation for receipt of process§ 121-105
Registered agent§ 121-106
Records§ 121-107
Nature of business§ 121-109-A
Electronic service of processCite This Page — Counsel Stack
Bluebook (online)
New York § 121-603, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/121-603.