§ 50 Extent of property rights of a partner
§ 51 Nature of a partner's right in specific partnership property
§ 52 Nature of partner's interest in the partnership
§ 53 Assignment of partner's interest
§ 54 Partner's interest subject to charging order
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In New York Laws > Partnership > Article 5 - Property Rights of a Partner

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Dower: A widow
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • 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.
  • Personal property: All property that is not real property.