New York § 121-604 Right to distribution upon withdrawal

New York Statutes

§ 121-604 — Right to distribution upon withdrawal

New York § 121-604

Law PTRPartnership

Art. 8-ARevised Limited Partnership Act

This text of New York § 121-604 (Right to distribution upon withdrawal) 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 § 121-604 (2026).

Text

  § 121-604. Right to distribution upon withdrawal. Except as provided\nin this article upon withdrawal any withdrawing partner is entitled to\nreceive any distribution to which he is entitled under the partnership\nagreement and, if not otherwise provided in the partnership agreement,\nhe is entitled to receive, within a reasonable time after withdrawal,\nthe fair value of his interest in the limited partnership as of the date\nof withdrawal based upon his right to share in distributions from the\nlimited partnership.\n

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§ 121-604. Right to distribution upon withdrawal. Except as provided\nin this article upon withdrawal any withdrawing partner is entitled to\nreceive any distribution to which he is entitled under the partnership\nagreement and, if not otherwise provided in the partnership agreement,\nhe is entitled to receive, within a reasonable time after withdrawal,\nthe fair value of his interest in the limited partnership as of the date\nof withdrawal based upon his right to share in distributions from the\nlimited partnership.\n