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The Maryland Code, Public General Laws, 1888
Volume 389, Page 1076   View pdf image
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1076 PARTNERSHIPS—LIMITED. [ART. 73

checks, letters and other papers ordinarily used by the partner-
ship in the course of its business, the special partner may take
part in transacting the business of the partnership without being,
deemed on this account a general partner.

P. G. L., (1860,) art. 72, sec. 13. 1836, ch. 97, sec. 12.

13. No part of the sum which any special partner shall have
contributed to the capital stock, shall be withdrawn by him, or
paid or transferred to him in the shape of dividends, profits, or
otherwise, during the continuance of the partnership; but any
partner may annually receive lawful interest on the sum so con-
tributed by him, if the payment of such interest shall not reduce
the original amount of such capital; and if, after payment of
such interest, any profits shall remain to be divided, he may also
receive his portion of such profits.
Lineweaver v. Slagle, 64 Md, 465.

Ibid. sec. 14. 1836, ch. 97, sec. 13.

14. If it shall appear that, by the payment of interest or
profits to any special partner, the original capital has been re-
duced, the partner receiving the same shall be bound to restore
the amount necessary to make good his share of capital, with,
interest.
Ibid.

Ibid. sec. 15. 1836, ch. 97, sec. 15.

15. Every sale, assignment or transfer of any property or
effects of such partnership, made by such partnership when
insolvent, or in contemplation of insolvency, or after or in con-
templation of the insolvency of any partner, with the intent of
giving a preference to any creditor of such partnership or insol-
vent partner; and every judgment confessed, lien created or
security given by such partnership, under the like circumstances,
and with the like intent, shall be void as against the creditors of
such partnership.

Ibid.

Ibid. sec. 16. 1836, ch. 97, sec. 16.

16. Every such sale, assignment or transfer of any of the
property of a general or special partner, made by such general or
special partner when insolvent, or in. contemplation of insolvency,

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 1076   View pdf image
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