New York Statutes

§ 64 — General effect of dissolution on authority of partner

New York·Law PTR Partnership·Art. 6 Dissolution and Winding Up
§ 64. General effect of dissolution on authority of partner. Except\nso far as may be necessary to wind up partnership affairs or to complete\ntransactions begun but not then finished, dissolution terminates all\nauthority of any partner to act for the partnership,\n 1. With respect to the partners:\n (a) When the dissolution is not by the act, bankruptcy or death of a\npartner; or\n (b) When the dissolution is by such act, bankruptcy or death of a\npartner, in cases where section sixty-five so requires.\n 2. With respect to persons not partners, as declared in section\nsixty-six.\n

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