Hong Kong Ordinances

PARTNERSHIP ORDINANCE - SECT 41

Rights of partners as to application of partnership property

On the dissolution of a partnership, every partner is entitled, as against the
other partners in the firm and all persons claiming through them in respect of
their interests as partners, to have the property of the partnership applied
in payment of the debts and liabilities of the firm, and to have the surplus
assets after such payment applied in payment of what may be due to the
partners respectively, after deducting what may be due from them as partners
to the firm; and for that purpose any partner or his representatives may, on
the termination of the partnership, apply to the court to wind up the business
and affairs of the firm.