N.Y. Partnership Law 50 – Extent of property rights of a partner
Current as of: 2024 | Check for updates
|
Other versions
§ 50. Extent of property rights of a partner. The property rights of a partner are (a) his rights in specific partnership property, (b) his interest in the partnership, and (c) his right to participate in the management.
Terms Used In N.Y. Partnership Law 50
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.