N.Y. Partnership Law § 54: Partner's interest subject to charging order

§ 54. Partner's interest subject to charging order. 1. On due

application to a competent court by any judgment creditor of a partner,

the court which entered the judgment, order, or decree, or any other

court, may charge the interest of the debtor partner with payment of the

unsatisfied amount of such judgment debt with interest thereon. Upon

such application or upon the granting of an order attaching the interest

of the debtor partner before judgment, the court may then or later

appoint a receiver of his share of the profits, and of any other money

due or to fall due to him in respect of the partnership, and make all

other orders, directions, accounts and inquiries which the debtor

partner might have made, or which the circumstances of the case may

require.

2. The interest charged may be redeemed at any time before

foreclosure, or in case of a sale being directed by the court may be

purchased without thereby causing a dissolution:

(a) With separate property, by any one or more of the partners, or

(b) With partnership property, by any one or more of the partners with

the consent of all the partners whose interests are not so charged or

sold.

3. Nothing in this act shall be held to deprive a partner of his

right, if any, under the exemption laws, as regards his interest in the

partnership.