New York Statutes
§ 53 — Assignment of partner's interest
New York § 53
This text of New York § 53 (Assignment of partner's interest) 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 § 53 (2026).
Text
§ 53. Assignment of partner's interest.
1.A conveyance by a partner\nof his interest in the partnership does not of itself dissolve the\npartnership, nor, as against the other partners in the absence of\nagreement, entitle the assignee, during the continuance of the\npartnership, to interfere in the management or administration of the\npartnership business or affairs, or to require any information or\naccount of partnership transactions, or to inspect the partnership\nbooks; but it merely entitles the assignee to receive in accordance with\nhis contract the profits to which the assigning partner would otherwise\nbe entitled.\n 2. In case of a dissolution of the partnership, the assignee is\nentitled to receive his assignor's interest and may require an account\nfrom the date only of t
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Bluebook (online)
New York § 53, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/53.