Legal Question in Business Law in New York

Re: mismanaged partnership

It depends entirely on the provisions in your Agreement regarding transfer of ownership interests.

Don't take any action without first having an attorney look at the Agreement.

Re: mismanaged partnership

You have to follow the terms under the partnership agreement. That may mean formal notice and required steps to dissolve the partnership.

If that does not work, you would have the right of Judicial Dissolution under the Article 6 of the NY Partnership law.

If you want to discuss further feel free to telephone.

Mike.

Re: mismanaged partnership

You definitely have certain options however exactly which ones would be best for you to exercise would depend on the terms of your partnership or operating agreement. We have substantial experience handling these types of cases, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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