(a) To a lien on, or right of retention of, the surplus of the
partnership property after satisfying the partnership liabilities to
third persons for any sum of money paid by him for the purchase of an
interest in the partnership and for any capital or advances contributed
by him; and
(b) To stand, after all liabilities to third persons have been
satisfied, in the place of the creditors of the partnership for any
payments made by him in respect of the partnership liabilities; and
(c) To be indemnified by the person guilty of the fraud or making the
representation against all debts and liabilities of the partnership.
Structure New York Laws
Article 6 - Dissolution and Winding Up.
61 - Partnership Not Terminated by Dissolution.
63 - Dissolution by Decree of Court.
64 - General Effect of Dissolution on Authority of Partner.
65 - Right of Partner to Contribution From Copartners After Dissolution.
66 - Power of Partner to Bind Partnership to Third Persons After Dissolution.
67 - Effect of Dissolution on Partner's Existing Liability.
69 - Rights of Partners to Application of Partnership Property.
70 - Rights Where Partnership Is Dissolved for Fraud, or Misrepresentation.
71-A - Payment of Wages by Receivers.
72 - Liability of Persons Continuing the Business in Certain Cases.
73 - Rights of Retiring or Estate of Deceased Partner When the Business Is Continued.
75 - Continuance of Partnership Business During Action for Accounting.