The Law of Commandatary And Limited Partnership in the United States
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Townroe, 1 Man. and Selw. 412; Bisset on Partn. Ill —168.
* Story on Partn. § 201, o. Ex parte Gtarland, 10 Vesey, 110;Exparte Richardson, 3 Madd. 138 — 157; Thompson v. Andrews, 1 Mylne and Keen, 116 ; Pitkin v. Pitkin, 7 Conn. Rep. 307; Burwell v. Mandeville's Ex'rs, 2 Howard, (Sup. Ct. U. S.,) 576.
CH. XVI.] EXECUTORS AND HEIRS AS PARTNERS. 535 but the most positive language in a will, would make the testator's general assets liable for all debts con- tracted in the continued trade after his... death; and this on the ground of inconvenience, and the impossi- bility of paying off the legacies, or distributing the residue of his estate, until by the lapse of time, it could be ascertained whether the partnership trade would prove successful or ruinous.' § 533. — XVII. Clauses are sometimes inserted in the articles for transmittiag the shares of the partners at their decease, to their respective widows and children; and frequently, for the admission of one or more of their children into the concern, upon his or tiheir ar- rival at majority.
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To quickly assess the difficulty of the text, read a short excerpt:
Townroe, 1 Man. and Selw. 412; Bisset on Partn. Ill —168.
* Story on Partn. § 201, o. Ex parte Gtarland, 10 Vesey, 110;Exparte Richardson, 3 Madd. 138 — 157; Thompson v. Andrews, 1 Mylne and Keen, 116 ; Pitkin v. Pitkin, 7 Conn. Rep. 307; Burwell v. Mandeville's Ex'rs, 2 Howard, (Sup. Ct. U. S.,) 576.
CH. XVI.] EXECUTORS AND HEIRS AS PARTNERS. 535 but the most positive language in a will, would make the testator's general assets liable for all debts con- tracted in the continued trade after his... death; and this on the ground of inconvenience, and the impossi- bility of paying off the legacies, or distributing the residue of his estate, until by the lapse of time, it could be ascertained whether the partnership trade would prove successful or ruinous.' § 533. — XVII. Clauses are sometimes inserted in the articles for transmittiag the shares of the partners at their decease, to their respective widows and children; and frequently, for the admission of one or more of their children into the concern, upon his or tiheir ar- rival at majority.
What to read after The Law of Commandatary And Limited Partnership in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Troubat, Francis Joseph, 1802-1868 to read onlineMoreLess
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