section 50
The separate property of any partner shall be applied first in the payment of his separate debts, and the surplus (if any) in the payment of the debts of the firm.
The Jammu and Kashmir State Partnership Act, 1939Corporate193963 sections5 chapters
Chapter VI Chapter VI
Statutory text
Personal profits earned after dissolution Personal profits earned after dissolution.--Subject to contract between the partners, the provisions of clause
- (a) of section 16 shall apply to transactions by any surviving partner or by the representatives of a deceased partner, undertaken after the firm is dissolved on account of the death of a partner and before its affairs have been completely wound up:
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