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Section 73: Rights of personal creditors of partners

Bankruptcy Act · PART III: ADMINISTRATION OF PROPERTY

consolidated text (as at 2000). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

73. Rights of personal creditors of partners (1) The personal estate of every partner of a firm shall accrue to and be paid to the personal creditors of such partner, and the creditors of the firm shall not receive any dividend out of the separate estate of such partner, until all the creditors of the latter have received the full amount of their respective debts. (2) For the purposes of this section, the respective estates of the firm and of each partner, shall be administered by the same trustee, but separate accounts shall be kept by such trustee.

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