ART. 47.] INSOLVENTS—COPARTNERSHIPS. 841

spective partners, may prove their respective debts; the perma-
nent trustee shall be chosen by the copartnership creditors; he
shall keep separate accounts of the joint stock or property of the
copartnership, and of the separate estate of each member thereof;
and after deducting out of the whole amount received by the
permanent trustee, the whole of the expenses and disbursements,
the net proceeds of the joint stock shall be appropriated to pay
the creditors of the copartnership, and the net proceeds of the
separate estate of each partner shall be appropriated to pay his
separate creditors; if there is any balance of the separate estate
of any partner, after the payment of his separate debts, such bal-
ance shall be added to the joint stock for the payment of the joint

creditors; and if there is any balance of the joint stock after
payment of the joint debts, such balance shall be appropriated to
and divided among the separate estates of the several partners,
according to their respective rights and interest therein, and as it
would have been if the partnership had been dissolved without
any insolvency; and the sum so appropriated to the separate estate
of each partner shall be applied to the payment of his separate

debts; the discharge shall be granted or refused to each partner as
the same would or ought to be if the proceedings had been against
him alone; in all other respects the proceedings by or against

partners shall be conducted in the like manner as if they had been
commenced and conducted by or against one person alone; all the
provisions of this article which apply to the debtor, or set forth
his duties in regard to furnishing schedules or inventories, execut-
ing papers, submitting to examinations, disclosing, making over,
secreting, concealing, conveying, assigning or paying away his
money or property, shall, in a like manner, and with like force,
effect and penalties, apply to each and every member of said co-
partnership, and the money and property thereof; all payments,
conveyances and assignments and preferences, declared fraudulent
and void by this article, when made by a debtor, shall in like
manner and to the like extent, and with like remedies, be fraudu-
lent and void when made by a copartnership; when limited part-
nerships are subject to insolvency proceedings, the separate estates
and the separate debts of the special partners shall not be subject
to such proceedings.

Armstrong v. Morton, 57 Md. 397. Second Nat Bank v. Willing, 66 Md. 315.