Section 70: Joint and separate properties. Where one partner in a firm is adjudged insolvent, a — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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70. Joint and separate properties. Where one partner in a firm is adjudged insolvent, a creditor to whom the insolvent is indebted jointly with the other partners in the firm or any of them shall not receive any dividend out of the separate property of the insolvent until all the separate creditors have received the full amount of their respective debts.

Effective date: 1909-01-01

Related sections

Section 69: Declaration and distribution of dividends Section 71: Calculation of dividends Section 68: Duty and powers of official assignee as to realization Section 72: Right of creditor who has not proved debt before declaration of a dividend.- Any Section 67: Persons injured by disclaimer may prove. Any person injured by the operation of a Section 73: Final dividend

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