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COMMONWEALTHAct
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s 141

Joint and separate dividends

In force
Part VIAdministration of property
Division 5Distribution of property

141 Joint and separate dividends

Where one partner of a firm becomes bankrupt, a creditor to whom the bankrupt is indebted jointly with the other partners of the firm or any of them shall not receive a dividend out of the separate property of the bankrupt until all the separate creditors have received the full amount of their respective debts.

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Section 141 — Joint and separate dividends — Bankruptcy Act 1966 (Commonwealth) — Barrister AI