 Losses, including losses and deficiencies of capital, shall be paid first out of profits, next out of capital, and lastly, if necessary, by the partners individually in the proportion in which they were entitled to share profits.  The New International Encyclopædia - Page 128edited by - 1922Full view - About this book
 | South Australia - Law - 1891 - 290 pages
...to any agreement, be observed: — (a) Losses, including losses and deficiencies of capital, shall be paid first out of profits, next out of capital,...proportion in which they were entitled to share profits: (b) The assets of the firm including the sums, if any, contributed by the partners to make up losses... | |
 | Frederick Pollock - Partnership - 1877 - 214 pages
...observed (subject as to the pay- fhmi settlements to partners to any special agreement) : ^counts. Losses are to be paid first out of profits, next out of capital,...lastly, if necessary, by the partners individually. The assets of the firm are to be applied in the following manner and order : 1. In paying the debts... | |
 | American Bar Association - Law - 1906 - 474 pages
...subject to any agreement, be observed : (a.) Losses, including losses and deficiencies of capital, shall be paid first out of profits, next out of capital,...proportion in which they were entitled to share profits : (6.) The assets of the firm including the sums, if any, contributed by the partners to make up losses... | |
 | Great Britain. Parliament. House of Commons - Great Britain - 1879 - 610 pages
...shall be observed (subject as to the payments to partners to any special agreement) : (a.) Losses shall be paid first out of profits, next out of capital,...lastly, if necessary, by the partners individually : 35 (6.) Deficiencies of capital, in whatever shares originally contributed by the partners, shall... | |
 | Frederick Pollock - Forms (Law) - 1880 - 236 pages
...(subject as to the payments to D. 62, 5 partners to any special agreement) : — commen- (a.) Losses shall be paid first out of profits, next out of capital, and lastly, tarv' if necessary, by the partners individually : Rule for dis- (j ) Deficiencies of capital, in whatever... | |
 | Frederick Pollock - Law - 1884 - 240 pages
...rules are to be observed (subject as to the payments to partners to any special agreement) : Losses are to be paid first out of profits, next out of capital,...proportion in which they were entitled to share profits. The assets of the firm are to be applied in the following manner and order : 1. In paying the debts... | |
 | Frederick Pollock - Law - 1888 - 254 pages
...J assets on final ments to partners to any special agreement) : settlement of 1 . accounts. Losses are to be paid first out of profits, next out of capital,...proportion in -which they were entitled to share profits. The assets of the firm are to be applied in the following manner and order : 1. In paying the debts... | |
 | Frederick Pollock - Law - 1888 - 252 pages
...to partners to any special agreement): settlement of v . r J assets on final Losses are to be pa1d first out of profits, next out of capital, and lastly,...the proportion in which they were entitled to share prof1ts. T < -U -J £. LL t .£ &>. i. acoounts The assets of the firm are to be applied in the following... | |
 | Great Britain. Parliament. House of Commons - Great Britain - 1889 - 538 pages
...agreement) : settlement (a.) Losses, including losses and deficiencies of capital, shall be ° accounts. 15 paid first out of profits, next out of capital, and...proportion in which they were entitled to share profits : (b.) The assets of the firm, if any, including the sums contributed by the partners to make up losses... | |
 | Frederick Pollock - Limited partnership - 1890 - 240 pages
...to any agreement, be observed : (a.) Losses, including losses and deficiencies of capital, 2 shall be paid first out of profits, next out of capital,...proportion in which they were entitled to share profits: The assets of the firm including the sums, if any, contributed by the partners to make up losses or... | |
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