Partnership Act, 1890

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Provision as to bankruptcy in Scotland.

47.—(1) In the application of this Act to Scotland the bankruptcy of a firm or of an individual shall mean sequestration under the Bankruptcy (Scotland) Acts, and also in the case of an individual the issue against him of a decree of cessio bonorum.

(2) Nothing in this Act shall alter the rules of the law of Scotland relating to the bankruptcy of a firm or of the individual partners thereof.

[Ss. 48, 49 rep. 8 Edw. 7. c. 49 (S.L.R.).]