New Hampshire Statutes
§ 568:47 — Effect; Procedure
New Hampshire·Title LVII INSOLVENCY PROCEEDINGS AND ASSIGNMENTS FOR CREDITORS·Ch. 568 INSOLVENCY PROCEEDINGS·Subdivision Partnerships
The insolvency of a partnership shall render each partner insolvent within the meaning of this chapter, and his property not exempt from attachment, books and papers shall pass to the messenger and assignee appointed in the partnership proceedings; but the assignee shall be nominated by the partnership creditors. The expenses of the proceedings shall be deducted from the whole amount received by the assignee. The net proceeds of the partnership and individual property shall be distributed among the creditors of the firm and the creditors of the individual partners according to the rules of equity in such cases.
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Legislative History
PS 201:46. PL 401:47. RL 465:47.
Nearby Sections
15
§ 568:10
Perishable Property§ 568:11
Collection of Debts§ 568:12
Return of Warrant, etc§ 568:13
Delivery to Assignee§ 568:14
What Provable§ 568:15
Manner§ 568:16
Allowance§ 568:17
Time§ 568:18
Objections§ 568:19
Hearings§ 568:2
Records§ 568:20
Rehearing§ 568:21
Valuation of Security§ 568:22
Proof by Surety