Long Title

Nature of Partnership

Relations of Partners to Persons Dealing with Them

Relations of Partners to One Another

Dissolution of Partnership, and its Consequences

Supplemental

Legislative History

Rights of partners as to application of partnership property
39.  On the dissolution of a partnership, every partner is entitled, as against the other partners in the firm, and all persons claiming through them in respect of their interests as partners, to have the property of the partnership applied in payment of the debts and liabilities of the firm, and to have the surplus assets after such payment applied in payment of what may be due to the partners, respectively, after deducting what may be due from them as partners to the firm; and for that purpose any partner or his representatives may, on the termination of the partnership, apply to the court to wind up the business and affairs of the firm.