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Art. 573

220COFederal ActJan 1, 1912Original source
  1. A personal creditor of a partner may not set off his claim against a debt owed to the partnership.
  2. Similarly, a partner may not set off a debt to a personal creditor against any debt owed by the creditor to the partnership.
  3. However, where a partnership creditor is simultaneously the personal debtor of a partner, the two debts may be set off against each other provided the partner may be held personally liable for any resulting debt to the partnership.

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