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N.Y. Partnership Law 113 - Certificate cancelled or amended

New York Laws > Partnership > Article 8 > § 113 - Certificate cancelled or amended


Current as of: 2010

ยง 113. Certificate cancelled or amended. (1) The certificate shall be cancelled when the partnership is dissolved or all limited partners cease to be such.

    (2) A certificate shall be amended when

    (a) There is a change in the name of the partnership or in the amount or character of the contribution of any limited partner,

    (b) A person is substituted as a limited partner,

    (c) An additional limited partner is admitted,

    (d) A person is admitted as a general partner,

    (e) A general partner retires, dies or becomes mentally ill, and the business is continued under section one hundred and nine,

    (f) There is a change in the character of the business of the partnership, or a change in the location of the principal place of business,

    (g) There is a false or erroneous statement in the certificate,

    (h) There is a change in the time as stated in the certificate for the dissolution of the partnership or for the return of a contribution,

    (i) A time is fixed for the dissolution of the partnership, or the return of a contribution, no time having been specified in the certificate, or,

    (j) The members desire to make a change in any other statement in the certificate in order that it shall accurately represent the agreement between them.

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