§ 16-117-307 - Insolvent partnerships.
16-117-307. Insolvent partnerships.
In the case of an insolvent partnership, all or any of the partners may unite in one (1) complaint filed in the county where either one resides; but in such cases, all individual as well as firm property must be turned over to the receiver, and the firm property and the individual property shall be administered separately, according to the rules of equity.