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What is NYC AC § 20-111?

Quick Answer

This section addresses the validity of licenses issued under chapter two, stating that such licenses become void upon the addition or termination of any general partner or the dissolution of a partnership unless prior written approval is obtained from the commissioner or their designee. Applies to partnerships holding specific licenses.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 20-111 Change in a partnership.

AC § 20-111

Any license issued under chapter two shall immediately become void upon the addition or termination of any general partner or upon the dissolution of a partnership unless prior written approval of the commissioner or the commissioner's designee is obtained.

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