N.Y. Partnership Law § 53: Assignment of partner's interest

§ 53. Assignment of partner's interest. 1. A conveyance by a partner

of his interest in the partnership does not of itself dissolve the

partnership, nor, as against the other partners in the absence of

agreement, entitle the assignee, during the continuance of the

partnership, to interfere in the management or administration of the

partnership business or affairs, or to require any information or

account of partnership transactions, or to inspect the partnership

books; but it merely entitles the assignee to receive in accordance with

his contract the profits to which the assigning partner would otherwise

be entitled.

2. In case of a dissolution of the partnership, the assignee is

entitled to receive his assignor's interest and may require an account

from the date only of the last account agreed to by all the partners.