N.Y. Partnership Law § 75: Continuance of partnership business during action for accounting

§ 75. Continuance of partnership business during action for

accounting. In an action brought to dissolve a partnership, or for an

accounting between partners, or affecting the continued prosecution of

the business, the court may, in its discretion, by order, authorize the

partnership business to be continued, during the pendency of the action

by one or more of the partners, upon their executing and filing with the

clerk an undertaking, in such a sum and with such sureties as the order

prescribes, to the effect that they will obey all orders of the court,

in the action, and perform all things which the judgment therein

requires them to perform. The court may impose such other conditions as

it deems proper, and it may in its discretion at any time thereafter

require a new undertaking to be given. The court may also ascertain the

value of the partnership property, and of the interest of the respective

partners by a reference or otherwise, and may direct an accounting

between any of the partners; and the judgment may make such provision

for the payment to the retiring partners, for their interest, and with

respect to the rights of creditors, the title to the partnership

property, and otherwise, as justice requires, with or without the

appointment of a receiver, or a sale of the partnership property.