California Furniture Co. v. Halsey

Citations

• 54 Cal. 315

Syllabus

<p>Insolvency— Partnership.—'There is no provision in the insolvency law of tliis State authorizing a partnership to apply in its joint name for the bei '' of the act; and the right of the creditors of the firm to pursue the part, ship assets is not affected hy insolvency proceedings in the case of one the partners.</p> <p>Id.—In.—In such case, the assignees succeed only to the right of the insolv ent: and consequently, they are entitled to nothing except what remains after the discharge of all the partnership debts, and of the claims of the other partners. „</p>