§ 62. Causes of dissolution. Dissolution is caused:\n 1. Without violation of the agreement between the partners,\n (a) By the termination of the definite term or particular undertaking\nspecified in the agreement,\n (b) By the express will of any partner when no definite term or\nparticular undertaking is specified,\n (c) By the express will of all the partners who have not assigned\ntheir interests or suffered them to be charged for their separate debts,\neither before or after the termination of any specified term or\nparticular undertaking,\n (d) By the expulsion of any partner from the business bona fide in\naccordance with such a power conferred by the agreement between the\npartners;\n 2. In contravention of the agreement between the partners, where the\ncircumstances do not permit a dissolution under any other provision of\nthis section, by the express will of any partner at any time;\n 3. By any event which makes it unlawful for the business of the\npartnership to be carried on or for the members to carry it on in\npartnership;\n 4. By the death of any partner;\n 5. By the bankruptcy of any partner or the partnership;\n 6. By decree of court under section sixty-three.\n
N.Y. Partnership Law § 62
Causes of dissolution
2014-09-22
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.