New Hampshire § 568-47 - Section 568:47 Effect; Procedure.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 568-47 — Section 568:47 Effect; Procedure., with citation guidance and answers to common questions.
§ 568-47. Section 568:47 Effect; Procedure.
The insolvency of a partnership shall render each partner insolvent within the meaning of this chapter, and his property not exempt from attachment, books and papers shall pass to the messenger and assignee appointed in the partnership proceedings; but the assignee shall be nominated by the partnership creditors. The expenses of the proceedings shall be deducted from the whole amount received by the assignee. The net proceeds of the partnership and individual property shall be distributed among the creditors of the firm and the creditors of the individual partners according to the rules of equity in such cases.
Frequently Asked Questions About New Hampshire § 568-47
What does New Hampshire Revised Statutes Annotated § 568-47 cover?
Section 568-47 ("Section 568:47 Effect; Procedure.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 568-47?
A common citation format is "New Hampshire Revised Statutes Annotated § 568-47" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 568-47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.