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Partnership Act 1997
27Procedure against partnership property for partner's separate
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27 Procedure against partnership property for partner's separate
judgment debt
(1) A writ of execution may not issue against partnership property
except on a judgment against the firm.
(2) The Supreme Court may, on the application of a judgment creditor
of a partner, make an order charging the partner's interest in the
partnership property and profits with payment of the amount of the
judgment debt and interest, and may, by the same or a subsequent
order, appoint a receiver of the partner's share of profits (whether
already declared or accruing) and of any other money that may be
coming to the partner in respect of the partnership, and direct all
accounts and inquiries and give all other orders and directions that
might have been directed or given if the charge had been made in
favour of the judgment creditor by the partner, or which the
circumstances of the case may require.
(3) The other partner or partners may, at any time, redeem the interest
charged or, in case of a sale being directed, purchase the property
directed to be sold.
(4) Subsections (2) and (3) do not apply to an incorporated limited
partnership.
Part 2 Partnerships generally
Division 3 Relationship between partners
Partnership Act 1997 15