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49.
Payment of firm's debts and of separate debts.-
Where there are joint debts due from the firm,
and also separate debts due from any partner,
the property of the firm shall be applied in
the first instance in payment of the debts of
the firm, and, if there is any surplus, then
the share of each partner shall be applied in
payment of his separate debts or paid to him.
The separate property of any partner shall he
applied first in the payment of his separate
debts, and the surplus (if any) in payment of
the debts of the firm.
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