§ 40 Rules determining rights and duties of partners
§ 41 Partnership books
§ 42 Duty of partners to render information
§ 43 Partner accountable as a fiduciary
§ 44 Right to an account
§ 45 Continuation of partnership beyond fixed term
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Terms Used In New York Laws > Partnership > Article 4 - Relations of Partners to One Another

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trustee: A person or institution holding and administering property in trust.