56a-807.Settlement of accounts and contributionsamong partners.(a) In winding up a partnership's business, theassets of the partnership, including the contributions of thepartners required by this section, must be applied to discharge itsobligations to creditors, including, to the extent permitted bylaw, partners who are creditors. Any surplus must be applied topay in cash the net amount distributable to partners in accordancewith their right to distributions under subsection (b).
(b) Each partner is entitled to a settlement of allpartnership accounts upon winding up the partnership business. Insettling accounts among the partners, profits and losses thatresult from the liquidation of the partnership assets must becredited and charged to the partners' accounts. The partnershipshall make a distribution to a partner in an amount equal to anyexcess of the credits over the charges in the partner's account.A partner shall contribute to the partnership an amount equal toany excess of the charges over the credits in the partner'saccountbut excluding from the calculation charges attributable to an obligation forwhich the partner is not personally liable under K.S.A. 56a-306 andamendmentsthereto.
(c) If a partner fails to contribute the full amount required undersubsection (b), all of the otherpartners shall contribute, in the proportions in which thosepartners share partnership losses, the additional amount necessaryto satisfy the partnership obligations for which they are personally liableunder K.S.A. 56a-306 and amendments thereto. A partner or partner'slegal representative may recover from the other partners anycontributions the partner makes to the extent the amountcontributed exceeds that partner's share of the partnershipobligations for which the partner is personally liable under K.S.A. 56a-306 andamendments thereto.
(d) After the settlement of accounts, each partner shallcontribute, in the proportion in which the partner sharespartnership losses, the amount necessary to satisfy partnershipobligations that were not known at the time of the settlement and for which thepartner is personally liable under K.S.A. 56a-306 and amendmentsthereto.
(e) The estate of a deceased partner is liable for thepartner's obligation to contribute to the partnership.
(f) An assignee for the benefit of creditors of apartnership or a partner, or a person appointed by a court torepresent creditors of a partnership or a partner, may enforce apartner's obligation to contribute to the partnership.
56a-807.Settlement of accounts and contributionsamong partners.(a) In winding up a partnership's business, theassets of the partnership, including the contributions of thepartners required by this section, must be applied to discharge itsobligations to creditors, including, to the extent permitted bylaw, partners who are creditors. Any surplus must be applied topay in cash the net amount distributable to partners in accordancewith their right to distributions under subsection (b).
(b) Each partner is entitled to a settlement of allpartnership accounts upon winding up the partnership business. Insettling accounts among the partners, profits and losses thatresult from the liquidation of the partnership assets must becredited and charged to the partners' accounts. The partnershipshall make a distribution to a partner in an amount equal to anyexcess of the credits over the charges in the partner's account.A partner shall contribute to the partnership an amount equal toany excess of the charges over the credits in the partner'saccountbut excluding from the calculation charges attributable to an obligation forwhich the partner is not personally liable under K.S.A. 56a-306 andamendmentsthereto.
(c) If a partner fails to contribute the full amount required undersubsection (b), all of the otherpartners shall contribute, in the proportions in which thosepartners share partnership losses, the additional amount necessaryto satisfy the partnership obligations for which they are personally liableunder K.S.A. 56a-306 and amendments thereto. A partner or partner'slegal representative may recover from the other partners anycontributions the partner makes to the extent the amountcontributed exceeds that partner's share of the partnershipobligations for which the partner is personally liable under K.S.A. 56a-306 andamendments thereto.
(d) After the settlement of accounts, each partner shallcontribute, in the proportion in which the partner sharespartnership losses, the amount necessary to satisfy partnershipobligations that were not known at the time of the settlement and for which thepartner is personally liable under K.S.A. 56a-306 and amendmentsthereto.
(e) The estate of a deceased partner is liable for thepartner's obligation to contribute to the partnership.
(f) An assignee for the benefit of creditors of apartnership or a partner, or a person appointed by a court torepresent creditors of a partnership or a partner, may enforce apartner's obligation to contribute to the partnership.
56a-807.Settlement of accounts and contributionsamong partners.(a) In winding up a partnership's business, theassets of the partnership, including the contributions of thepartners required by this section, must be applied to discharge itsobligations to creditors, including, to the extent permitted bylaw, partners who are creditors. Any surplus must be applied topay in cash the net amount distributable to partners in accordancewith their right to distributions under subsection (b).
(b) Each partner is entitled to a settlement of allpartnership accounts upon winding up the partnership business. Insettling accounts among the partners, profits and losses thatresult from the liquidation of the partnership assets must becredited and charged to the partners' accounts. The partnershipshall make a distribution to a partner in an amount equal to anyexcess of the credits over the charges in the partner's account.A partner shall contribute to the partnership an amount equal toany excess of the charges over the credits in the partner'saccountbut excluding from the calculation charges attributable to an obligation forwhich the partner is not personally liable under K.S.A. 56a-306 andamendmentsthereto.
(c) If a partner fails to contribute the full amount required undersubsection (b), all of the otherpartners shall contribute, in the proportions in which thosepartners share partnership losses, the additional amount necessaryto satisfy the partnership obligations for which they are personally liableunder K.S.A. 56a-306 and amendments thereto. A partner or partner'slegal representative may recover from the other partners anycontributions the partner makes to the extent the amountcontributed exceeds that partner's share of the partnershipobligations for which the partner is personally liable under K.S.A. 56a-306 andamendments thereto.
(d) After the settlement of accounts, each partner shallcontribute, in the proportion in which the partner sharespartnership losses, the amount necessary to satisfy partnershipobligations that were not known at the time of the settlement and for which thepartner is personally liable under K.S.A. 56a-306 and amendmentsthereto.
(e) The estate of a deceased partner is liable for thepartner's obligation to contribute to the partnership.
(f) An assignee for the benefit of creditors of apartnership or a partner, or a person appointed by a court torepresent creditors of a partnership or a partner, may enforce apartner's obligation to contribute to the partnership.
