1836.

LAWS OF MARYLAND.

CHAP. 97.

If capital is re-
duced

interest any profits shall remain to he divided he may
also receive his portion of such profits.
SEC. 13. And be it enacted, That if it shall appear
that by the payment of interest or profits to any special
partner, the original capital has been reduced, the

Repayment

partner receiving the same shall be bound to restore
the amount necessary to make good his share of capital,
with interest.

Accountabilities
to each other

SEC. 14. And be it enacted, That general partners
shall be liable to account to each other and to the spe-
cial partners, for the management of the concern, both in

Fraud

law and equity, as other partners now are by law, and
every partner who shall be guilty of fraud in the man-
agement of the affairs of the partnership, shall be lia-
ble civilly to the party injured, to the extent of his

Punishable

damage, and shall also be liable to an indictment for a
misdemeanor, punishable by fine or imprisonment or
both, in the discretion of the court by which he shall
be tried.

Assignment of
property with
view of insol-
vency

SEC. 15. And be it enacted, That every sale, as-
signment or transfer of any of the property or effects of
such partnership, made by such partnership, when in-
solvent or in contemplation of insolvency, or after or
in contemplation of the insolvency of any partner, with
the intent of giving a preference to any creditor of
such partnership or insolvent partner, over other credi-
tors of such partnership, and every judgment con-
fessed, lien created, or security given by such part-

Void

nership under the like circumstances, and with the
like intent, shall be void as against the creditors of such
partnership.

Of partners with

SEC 16. And be it enacted, That every such sale,
assignment or transfer of any of the property or ef-
fects of a general or special partner made by such gen-
eral or special partner when insolvent, or in contem-
plation of insolvency, or after or in contemplation of
the insolvency of the partnership, with intent of giving
to any creditor of his own, or of the partnership a
preference over the creditors of the partnership, and
every judgment confessed, lien created, or security

Void

given by any such partner under the like circumstan-
ces and with the like intent shall be void as against
the creditors of the partnership.