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LAWS OF MARYLAND.
of one thousand dollars upon conviction thereof, to any person
who will sue for the same, one half to his own use, and the other
half to the use of the state. |
89
Dec. Ses. 1825. |
10. And be it enacted, That no part
of the capital furnished
by special partners, or profits made to them by said partnership,
shall be withdrawn, either in the shape of dividends, purchase
or otherwise, at any time within the period during which the
partnership shall be continued, nor until the debts of said partnership
shall have been paid, nor shall any special partner under
any circumstances, be considered or allowed to claim as a
creditor, in case of the insolvency or bankruptcy of the partnership. |
Dividends
and claims
prohibited. |
11. And be it enacted, That the registry
required by this
act, shall not be made by the clerk of the county, or be considered
valid, unless all the parties general and special associated
together in every such partnership, shall make and sign a certificate
or declaration before one of the judges of the judicial districts
of this state, in which the principal business of the co-partnership
shall be carried on, containing the statements required
by the fifth and sixth sections of this act, which shall
be filed on the records in the said clerks office, and an exemplification
of said certificate shall be evidence of the matters therein
contained in all courts and places whatsoever. |
Certificate
required.
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12. And be it enacted, That no general
partner shall be permitted
to withdraw from the funds or effects of said partnership,
more than his proper and declared amount of profits,
which shall be semi-annually ascertained and certified on the
books of the concern, by all the partners. |
Permission to
withdraw. |
13. And be it enacted, That suits to
be brought by any partnership
to be formed under this act, shall be in the name or
names of the general partners only, and suits against such partnership
shall be brought against the general partners only, except
in cases where special partners shall be rendered liable as
general partners, in which case, suits may be brought against
such special partners, together with the general partners. |
Suits to be
brought. |
14. And be it enacted, That it shall
be the duty of such partners
to publish the terms of such partnership so registered, for
at least six weeks after such registry in one or more of the papers
published within the county, in which their business shall
be carried on, and that he clerk of the county court in which
such registries shall be made, shall be entitled for every registry
by this act, to such sum as they are entitled to for other records. |
Notice required,
compensation
to clerk. |
15. And be it enacted, That every partnership
or firm that
shall be established in virtue of this act shall annually take out
a license from the clerk of the county court of the county in
which such partnership shall be formed and for which they shall
pay a tax to the use of the state at the time of obtaining the
same from said clerk at the rate of one half of one per centum
on the capital furnished by the special partners to said partnership. |
License and
state tax. |
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