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N.Y. General Obligations Law § 15-107

Release of partner

New York · New York General Obligations Law · Status: effective · Effective 2014-09-22

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N.Y. General Obligations Law § 15-107, Release of partner, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1111001
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§ 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.