New York § 121-604 - 121-604Right to distribution upon withdrawal
Full text of New York New York Consolidated Laws § 121-604 — 121-604Right to distribution upon withdrawal, with citation guidance and answers to common questions.
§ 121-604. 121-604Right to distribution upon withdrawal
§ 121-604. Right to distribution upon withdrawal. Except as provided in this article upon withdrawal any withdrawing partner is entitled to receive any distribution to which he is entitled under the partnership agreement and, if not otherwise provided in the partnership agreement, he is entitled to receive, within a reasonable time after withdrawal, the fair value of his interest in the limited partnership as of the date of withdrawal based upon his right to share in distributions from the limited partnership.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 121-604
What does New York Consolidated Laws § 121-604 cover?
Section 121-604 ("121-604Right to distribution upon withdrawal") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 121-604?
A common citation format is "New York Consolidated Laws § 121-604" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 121-604 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.