Law v. Ford
This text of 2 Paige Ch. 310 (Law v. Ford) is published on Counsel Stack Legal Research, covering New York Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
said that, as a general rule, each partner had an equal right to the possesion of the partnership ef- • fects, and to collect and apply them in satisfaction of the debts of thé firm. That where either party had a right to dissolve the partnership, and the agreement between the partiés. made no provision for closing- up the concern, it was of course to appoint a manager or receiver, on a bill filed for that purpose, if they could not arrange the matter between themselves. .That in such a case the court would direct the receiver to apply the partnership property and funds to the payment of all the debts of the firm, rateably, without giving a preference to the favorite creditors of either partner. ■
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Cite This Page — Counsel Stack
2 Paige Ch. 310, 1830 N.Y. LEXIS 419, 1830 N.Y. Misc. LEXIS 46, Counsel Stack Legal Research, https://law.counselstack.com/opinion/law-v-ford-nychanct-1830.