13Liability of partners

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13 Liability of partners

Every partner in a firm is liable jointly with the other partners for all debts and obligations of the firm incurred while he is a partner, and after his death his estate is also severally liable in a due course of administration for such debts and obligations so far as they remain unsatisfied but subject to the prior payment of his separate debts.

No. 3745 s. 14.

S. 14 amended by No. 35/1996 s. 449(1)(a)(b).