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New York · Through 2026-09-11

N.Y. Partnership Law § 62: Causes of dissolution

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Where this section sits in the code
  1. Partnership Law
  2. Article 6. Dissolution and Winding Up

§ 62. Causes of dissolution. Dissolution is caused:

1. Without violation of the agreement between the partners,

(a) By the termination of the definite term or particular undertaking

specified in the agreement,

(b) By the express will of any partner when no definite term or

particular undertaking is specified,

(c) By the express will of all the partners who have not assigned

their interests or suffered them to be charged for their separate debts,

either before or after the termination of any specified term or

particular undertaking,

(d) By the expulsion of any partner from the business bona fide in

accordance with such a power conferred by the agreement between the

partners;

2. In contravention of the agreement between the partners, where the

circumstances do not permit a dissolution under any other provision of

this section, by the express will of any partner at any time;

3. By any event which makes it unlawful for the business of the

partnership to be carried on or for the members to carry it on in

partnership;

4. By the death of any partner;

5. By the bankruptcy of any partner or the partnership;

6. By decree of court under section sixty-three.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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