https://www.taxtmi.com/acts?id=7464 Firm property must be applied first to pay debts of the firm; any surplus of firm property is applied to each partner's share for payment of his separate debts or paid to him. Separate property of a partner must first satisfy his separate debts, and any surplus of that separate property is to be applied to payment of the firm's debts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7464 Firm property must be applied first to pay debts of the firm; any surplus of firm property is applied to each partner's share for payment of his separate debts or paid to him. Separate property of a partner must first satisfy his separate debts, and any surplus of that separate property is to be applied to payment of the firm's debts. Act-Rules Partnership Firms Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7464