Companies Act (Cap. 386), article 45

45. (1) The liquidator shall not distribute any assets of the partnership among the partners unless either the debts and liabilities of the partnership hav e been paid or sufficient fun ds have been set aside for the payment thereof. (2) Where the assets of the partnership are insufficient to meet its liabilities, the liquidator may demand from the partners pa yment of the contribution, if any, due by them, irrespective of the d ate when it falls due, and, if necessa ry, the sums required for the payment of the aforesaid liabilities in the proportion in which the liabilities of the partnership are to be borne by the partners. 28 CAP. 386.] COMP ANIES (3) The liquidator may furthermore demand from the partners payment of the contribution, if any, due by them or any part of it, irrespective of the date when it falls due, for the purpose of adjusting the rights of the partners among themselves. Duty of liquidator to give information, to render account and prepare scheme of distribution.