 A partner making, for the purpose of the partnership, any actual payment or advance beyond the amount of capital which he has agreed to subscribe, is entitled to interest at the rate of 5 per cent per annum from the date of the payment or advance.  Encyclopædia of Accounting - Page 244edited by - 1904Full view - About this book
 | South Australia - Law - 1891 - 290 pages
...to interest at the rate of seven per centum per annum from the date of the payment or advance : iv. A partner is not entitled, before the ascertainment...profits, to interest on the capital subscribed by him : v. Every partner may take part in the management of the partnership business : vi. No partner shall... | |
 | Frederick Pollock - Law - 1884 - 240 pages
...with interest at the rate of five per cent, per annum from the date of the payment or advance : (3.) Every partner may take part in the management of the partnership business : (4.) Every partner must attend diligently to the business of the partnership, and shall not be entitled... | |
 | Frederick Pollock - Law - 1888 - 252 pages
...with interest at the rate of five per cent, per annum from the date of the payment or advance : (3.) Every partner may take part in the management of the partnership business : (4.) Every partner must attend diligently to the business of the partnership, and shall not be entitled... | |
 | Thomas Brett - English law - 1891 - 822 pages
...of capital which he has agreed to subscribe, is entitled to interest at the rate of five per cent, per annum from the date of the payment or advance....profits, to interest on the capital subscribed by him. 0) The further provisions of the case may require, section on this subject are as follows: (3; The... | |
 | Frederick Pollock - Partnership - 1895 - 218 pages
...entitled to interest at the rate of five per cent, per annum from the date of the payment or advance. 2 (4.) A partner is not entitled, before the ascertainment...remuneration for acting in the partnership business. 1 Ex parte Chippendale (German Mining Company's Case) (1853), 4 DMG 19 ; Burdon v. Barkus (1862), 4... | |
 | Floyd Russell Mechem - Partnership - 1896 - 328 pages
...of capital which he has agreed to subscribe, is entitled to interest at the rate of five per cent, per annum from the date of the payment or advance....part in the management of the partnership business. 216 (6) No partner shall be entitled to remuneration for acting in the partnership business. (7) No... | |
 | Law - 1908 - 252 pages
...payment or advance beyond the amount of capital which he has agreed to subscribe, is entitled to interest from the date of the payment or advance. (4) A partner...profits, to interest on the capital subscribed by him. The advance must be of such a nature that the partner making it has a right to be indemnified by the... | |
 | Richard Hallilay - Conveyancing - 1900 - 780 pages
...money beyond the amount of his share of capital is entitled to interest at fi per cent, per annum. (4) A partner is not entitled, before the ascertainment of profits, to interest on his capital. (5) Every partner may take part in the management of the business ; (6) but is not entitled... | |
 | Thomas Moffitt Stevens, Herbert Jacobs - Commercial law - 1903 - 536 pages
...beyond the capital he has agreed to subscribe, from the date of such payment or advance (n). But he is not entitled, before the ascertainment of profits, to interest on the capital subscribed by him (o). 6. To have the books kept at the principal place of business of the firm, and to be allowed to... | |
 | Frederick Pollock - Forms (Law) - 1905 - 288 pages
...entitled to interest at the rate of five per cent, per annum from the date of the payment or advance. 2 (4.) A partner is not entitled, before the ascertainment...remuneration for acting in the partnership business. 1 Ex parte Chippendale (German Mining Company's Case] (1853) 4 DMG 19; Burdon v. Barkus (1862) 4 DPJ... | |
| |
