§ 82. Fictitious firm names prohibited. No person shall hereafter
transact business in the name of a partner not interested in his firm,
and when the designation "and company," or "and Co." is used, it shall
represent an actual partner; but a violation of this section shall not
be a defense in an action or proceeding brought by an assignee for the
benefit of creditors or by a receiver of the property of or by an
executor or administrator of a person who has violated the same.