Assets remaining after redemption of all partnership debts are used first to repay the capital to the partners and then to pay interest accrued over the liquidation period.
Any surplus is distributed among the partners in accordance with the provisions governing partners’ shares in the profit.
0 commentaries
No commentaries are available for this article yet.
Continue your research in ChatGPT or Claude
Connect Omnilex to search the legal corpus from your AI assistant.