Statute · New York General Obligations Law
N.Y. Gen. Oblig. Law § 15-107 — Release of partner
N.Y. Gen. Oblig. Law § 15-107
- Type
- Statute
- Source
- New York General Obligations Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Gen. Oblig. Law § 15-107 — Release of partner is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.