New York § 121-703 Rights of creditor

New York Statutes

§ 121-703 — Rights of creditor

New York § 121-703

Law PTRPartnership

Art. 8-ARevised Limited Partnership Act

This text of New York § 121-703 (Rights of creditor) 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 § 121-703 (2026).

Text

  § 121-703. Rights of creditor. On application to a court of competent\njurisdiction by any judgment creditor of a partner, the court may charge\nthe partnership interest of the partner with payment of the unsatisfied\namount of the judgment with interest. To the extent so charged, the\njudgment creditor has only the rights of an assignee of the partnership\ninterest. This article does not deprive any partner of the benefit of\nany exemption laws applicable to his partnership interest.\n

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§ 121-703. Rights of creditor. On application to a court of competent\njurisdiction by any judgment creditor of a partner, the court may charge\nthe partnership interest of the partner with payment of the unsatisfied\namount of the judgment with interest. To the extent so charged, the\njudgment creditor has only the rights of an assignee of the partnership\ninterest. This article does not deprive any partner of the benefit of\nany exemption laws applicable to his partnership interest.\n