N.Y. Partnership Law § 43: Partner accountable as a fiduciary

§ 43. Partner accountable as a fiduciary. 1. Every partner must

account to the partnership for any benefit, and hold as trustee for it

any profits derived by him without the consent of the other partners

from any transaction connected with the formation, conduct, or

liquidation of the partnership or from any use by him of its property.

2. This section applies also to the representatives of a deceased

partner engaged in the liquidation of the affairs of the partnership as

the personal representatives of the last surviving partner.