New York Statutes

§ 43 — Partner accountable as a fiduciary

New York § 43
JurisdictionNew York
Law PTRPartnership
Art. 4Relations of Partners to One Another

This text of New York § 43 (Partner accountable as a fiduciary) 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 § 43 (2026).

Text

§ 43. Partner accountable as a fiduciary.

1.Every partner must\naccount to the partnership for any benefit, and hold as trustee for it\nany profits derived by him without the consent of the other partners\nfrom any transaction connected with the formation, conduct, or\nliquidation of the partnership or from any use by him of its property.\n 2. This section applies also to the representatives of a deceased\npartner engaged in the liquidation of the affairs of the partnership as\nthe personal representatives of the last surviving partner.\n

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New York § 43, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/43.