insolvency of partnership
- insolvency of partnership
-
Insufficiency of the aggregate joint property to pay the firm liabilities, without reference to the solvency or insolvency of the individual partners. 40 Am J1st Partn § 256.
In determining insolvency of a partnership for the purposes of ascertaining whether a transfer is fraudulent under the Bankruptcy Act, there shall be added to the partnership property the present fair salable value of the separate property of each general partner in excess of the amount required to pay his separate debts, and also the amount realizable on any unpaid subscription to the partnership of each limited partner. Bankr Act § 67 (d) (1) (d); 11 USC § 107 (d) (1) (d).
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
insolvency — in·sol·ven·cy /in säl vən sē/ n pl cies 1: the fact or state of being insolvent compare bankruptcy 2: insufficiency (as of an estate) to discharge all enforceable debts ◇ Insolvency matters are covered under the Bankruptcy Code. Merriam … Law dictionary
insolvent partnership — See insolvency of partnership … Ballentine's law dictionary
United Kingdom company law — Beside the River Thames, the City of London is a global financial centre. Within the Square Mile, the London Stock Exchange lies at the heart of the United Kingdom s corporations. United Kingdom company law is the body of rules that concern… … Wikipedia
List of Statutory Instruments of the United Kingdom, 2006 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2006. NOTOC 1 100* Public Contracts Regulations 2006 S.I. 2006/5 * Utilities Contracts Regulations 2006 S.I. 2006/6 * M6 Motorway (Junction 36, Town Head Bridge Parapet… … Wikipedia
Association of Chartered Certified Accountants — Infobox Company company name = The Association of Chartered Certified Accountants (ACCA) company company type = British chartered accountancy body foundation = flagicon|UK [England, UK] (1904) company slogan = ACCA Accountancy s uncommon… … Wikipedia
List of Statutory Instruments of the United Kingdom, 2007 — This is an incomplete list of Statutory Instruments of the United Kingdom in 2007. NOTOC 1 100* Cider and Perry and Wine and Made wine (Amendment) Regulations 2007 S.I. 2007/4 * Customs and Excise (Personal Reliefs for Special Visitors)… … Wikipedia
List of Statutory Instruments of the United Kingdom, 1998 — This is an incomplete list of Statutory Instruments of the United Kingdom in 1998. NOTOC 1 100* Road Vehicles (Construction and Use) (Amendment) Regulations 1998 S.I. 1998/1 * National Health Service (Proposals for Pilot Schemes) and… … Wikipedia
Floating charge — A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which floats or hovers until conversion into a fixed charge, at which point the charge attaches to specific assets. The … Wikipedia
List of Statutory Instruments of Scotland, 2006 — This is an incomplete list of Scottish Statutory Instruments in 2006.1 100* Public Contracts (Scotland) Regulations 2006 S.S.I. 2006/1 * Utilities Contracts (Scotland) Regulations 2006 S.S.I. 2006/2 * Food Hygiene (Scotland) Regulations 2006… … Wikipedia
Corporate law — (also company or corporations law) is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another under the internal rules of the firm.… … Wikipedia
