N.Y. Partnership Law § 121-706: Power of estate of deceased or incompetent partner

§ 121-706. Power of estate of deceased or incompetent partner.

Subject to subdivision (f) of section 121-402 of this article, if a

partner who is an individual dies or a court of competent jurisdiction

adjudges him to be incompetent to manage his person or his property, the

partner's executor, administrator, guardian, conservator or other legal

representative may exercise all of the partner's rights for the purpose

of settling his estate or administering his property, including any

power under the partnership agreement of an assignee to become a limited

partner. If a partner is a corporation, trust, or other entity and is

dissolved or terminated, the powers of that partner may be exercised by

its legal representative or successor.