N.Y. Gen. Oblig. Law § 15-107
Current through 2024 NY Law Chapters 1-49, 52, and 61-117
A release of a partner from a partnership liability shall release his co-partners from the same liability to the creditor giving the release, but after a partnership has been dissolved, by consent or otherwise, any partner may make a separate composition or compromise with any partnership creditor, and such composition or compromise shall discharge from such liability the partner making it, and him only.
N.Y. Gen. Oblig. Law § 15-107