§ 277. Conveyance of partnership property. Every conveyance of\npartnership property and every partnership obligation incurred when the\npartnership is or will be thereby rendered insolvent, is fraudulent as\nto partnership creditors, if the conveyance is made or obligation is\nincurred,\n a. To a partner, whether with or without a promise by him to pay\npartnership debts, or\n b. To a person not a partner without fair consideration to the\npartnership as distinguished from consideration to the individual\npartners.\n
N.Y. DCD Law § 277
Conveyance of partnership property
Showing this section's text as in effect on January 1, 2015 (in force January 1, 2015 – January 1, 2020). View current text →
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.