State Codes and Statutes

Statutes > New-york > Gob > Article-15 > Title-1 > 15-107

§ 15-107. Release   of   partner.  A  release  of  a  partner  from  a  partnership liability  shall  release  his  co-partners  from  the  same  liability  to  the  creditor giving the release, but after a partnership  has been dissolved, by consent or otherwise,  any  partner  may  make  a  separate  composition  or  compromise with any partnership creditor, and  such composition or compromise shall discharge from such  liability  the  partner making it, and him only.

State Codes and Statutes

Statutes > New-york > Gob > Article-15 > Title-1 > 15-107

§ 15-107. Release   of   partner.  A  release  of  a  partner  from  a  partnership liability  shall  release  his  co-partners  from  the  same  liability  to  the  creditor giving the release, but after a partnership  has been dissolved, by consent or otherwise,  any  partner  may  make  a  separate  composition  or  compromise with any partnership creditor, and  such composition or compromise shall discharge from such  liability  the  partner making it, and him only.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Gob > Article-15 > Title-1 > 15-107

§ 15-107. Release   of   partner.  A  release  of  a  partner  from  a  partnership liability  shall  release  his  co-partners  from  the  same  liability  to  the  creditor giving the release, but after a partnership  has been dissolved, by consent or otherwise,  any  partner  may  make  a  separate  composition  or  compromise with any partnership creditor, and  such composition or compromise shall discharge from such  liability  the  partner making it, and him only.