|Civil Code Article 697June 19, 2019|
The assets of the partnership shall be first used for the payment of its debts. If a debt has not yet matured or is the subject of litigation, the amount necessary for the performance of such debt shall be taken out from the assets of the partnership, and be reserved. "After all the debts have been paid or the necessary amounts for the same have been taken out in accordance with the preceding paragraph, the contributions of the partners shall be returned in money or the other property from the remaining assets. "The reimbursement of contributions of non-money shall return in the same value of property like the moment of contributions. "For the performance of the debts and the return of the contributions, the property of the partnership shall, as far as necessary, be converted into money.
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Provided by Kingdoms Law