N.Y. Partnership Law 61 – Partnership not terminated by dissolution
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§ 61. Partnership not terminated by dissolution. On dissolution the partnership is not terminated, but continues until the winding up of partnership affairs is completed.
Terms Used In N.Y. Partnership Law 61
- 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.