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    Article 1814, NCC: (See Articles 1812, 1813, and 1827 of NCC)

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    Jhean Nares
    (1) Partnership creditors are generally preferred over the personal creditors of partners regarding partnership property. (2) However, on application by a personal creditor of a partner, a court may charge the partner's interest with payment of the unsatisfied debt and appoint a receiver of the partner's share of profits. (3) The court may also make other orders allowed under the circumstances.

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    Article 1814, NCC: (See Articles 1812, 1813, and 1827 of NCC)

    Uploaded by

    Jhean Nares
    904 views5 pages
    (1) Partnership creditors are generally preferred over the personal creditors of partners regarding partnership property. (2) However, on application by a personal creditor of a partner, a court may charge the partner's interest with payment of the unsatisfied debt and appoint a receiver of the partner's share of profits. (3) The court may also make other orders allowed under the circumstances.

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    Article 1814, NCC

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    (1) Partnership creditors are generally preferred over the personal creditors of partners regarding partnership property. (2) However, on application by a personal creditor of a partner, a court may charge the partner's interest with payment of the unsatisfied debt and appoint a receiver of the partner's share of profits. (3) The court may also make other orders allowed under the circumstances.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    904 views5 pages

    Article 1814, NCC: (See Articles 1812, 1813, and 1827 of NCC)

    Uploaded by

    Jhean Nares
    (1) Partnership creditors are generally preferred over the personal creditors of partners regarding partnership property. (2) However, on application by a personal creditor of a partner, a court may charge the partner's interest with payment of the unsatisfied debt and appoint a receiver of the partner's share of profits. (3) The court may also make other orders allowed under the circumstances.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    Article 1814,

    NCC
    (See Articles 1812, 1813, and
    1827 of NCC)

    Presented by: November 2,


    Jhean Mira Nares 2020
    Jhon Allain Hisola
    Property Rights of Partners (continuation)
    EDIT IN GOOGLE SLIDES

    Article 1814. Without prejudice to the EDIT IN POWERPOINT®


    preferred rights of partnership creditors
    under Article 1827, on due application to a The interest charged may be redeemed at
    competent court by any judgment creditor of any time before foreclosure, or in case a sale
    a partner, the court which entered the being directed by the court, may be purchased
    judgment, or any other court, may charge the without thereby causing a dissolution:
    interest of the debtor partner with payment
    of the unsatisfied amount of such judgment (1) With separate property, by any one or more
    debt with interest thereon; and may then or of the partners; or
    later appoint a receiver of his share of the (2) With partnership property, by any one or
    profits, and of any other money due or to fall more of the partners with the consent of all
    due to him in respect of the partnership, and the partners whose interests are not so
    make all other orders, directions, accounts charged or sold.
    and inquiries which the debtor partner might
    have made, or which the circumstances of Nothing in this Title shall be held to
    the case may require. deprive a partner of his right, if any, under the
    exemption laws, as regards his interest in the
    partnership.

    2
    Article 1827. The creditors of the partnership shall be preferred to those of
    each partner as regards the partnership property. Without prejudice to this right, the
    private creditors of each partner may ask the attachment and public sale of the share
    of the latter in the partnership assets.
    Summary
    General Rule: Partnership creditors are EDIT IN POWERPOINT®
    preferred over the personal creditors of the
    partners as regards partnership property. � The interest so charged may be
    redeemed with the separate
    Exception: On due application by any property of any general partner, but
    judgment creditor of a partner, a may not be redeemed with
    competent court may: partnership property (Article 1862).
    � Charge his interest with payment of
    the unsatisfied amount of such
    claim;
    � (T.N.) In a general partnership, the
    interest may be redeemed with
    � Appoint a receiver of the share of
    the profits and of any other money
    partnership property with the
    due or fall due to the partner; and consent of all the partners whose
    interests are not charged. (Article
    � Make all other orders, directions
    and inquiries which the 1814).
    circumstances of the case may
    require
    The end.

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