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Re Ward (a bankrupt) - [1985] 2 NZLR 352

$30.00

Court of Appeal Wellington
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.

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