Court of Appeal Wellington
15 August; 10 September 1985
Richardson and Somers JJ, and Sir Clifford Richmond
15 August; 10 September 1985
Richardson and Somers JJ, and Sir Clifford Richmond
Partnership — Bankruptcy of partner — Rights of partners as to application of partnership property — Partnership of two dissolved on bankruptcy of partner who was entitled under partnership deed to a 40% share of the partnership property — Bankrupt had not paid his 40% of capital — Whether other partner must prove for the bankrupt's unpaid capital — Whether Official Assignee was entitled to 40% of the proceeds of the sale of the partnership property — Partnership Act 1908, ss 42 and 47.
Loading... Please wait...
