New York Statutes
§ 121-706 — Power of estate of deceased or incompetent partner
New York § 121-706
This text of New York § 121-706 (Power of estate of deceased or incompetent 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 § 121-706 (2026).
Text
§ 121-706. Power of estate of deceased or incompetent partner.\nSubject to subdivision (f) of section 121-402 of this article, if a\npartner who is an individual dies or a court of competent jurisdiction\nadjudges him to be incompetent to manage his person or his property, the\npartner's executor, administrator, guardian, conservator or other legal\nrepresentative may exercise all of the partner's rights for the purpose\nof settling his estate or administering his property, including any\npower under the partnership agreement of an assignee to become a limited\npartner. If a partner is a corporation, trust, or other entity and is\ndissolved or terminated, the powers of that partner may be exercised by\nits legal representative or successor.\n
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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 § 121-706, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/121-706.