Page:United States Statutes at Large Volume 30.djvu/587

 548 FIFTY-FIFTH CONGRESS. Sess. II. Ch. 541. 1898. ¤i¤r<>¤i¤<>¤ ¤f Mt f The net roceeds of the partnership property shall be appropriated fiiigeegis $yPm°°r` to the paymlent of the partnership debts, and the net proceeds of the · ·*”*§"‘§““‘°**“*°· individual estate of each partner to the payment of his individual ——¤¤rr1¤¤· debts. Should any surplus remain of the property of any partner after paying his individual debts, such surplus shall be added to the part- ‘ nership assets and be appliedto the payment of the partnership debts. Should any surplus of the partnership property remain after paying the partnership debts, such surplus shall be added to the assets of the individual partners in the proportion of their respective interests in the artnership. R•:·¤irr<>¢¤1 claims. glfl‘he court may permit the proof of the claim of the partnership §§f,‘jj‘§Q§{,‘Q‘f‘f,1,,_?f‘°" estate against the individual estates, and vice versa, and may marshal the assets of the partnership estate and individual estates so as to prevent preferences and secure the equitable distribution of the property of the several estates. .u},’jg,¤%;=nk;;*fh gg; h lu the event of one or more but not all of the members of a part- ‘L,i,,’i.m.¤.,., O}? pm. nership being adjudged bankrupt, the partnership property shall not ¤°”mP °¤“*“*· be administered in bankruptcy, unless by consent of the partner or partners not adjudged bankrupt; but such partner or partners not adjudged bankrupt shall settle the partnership business as expeditiously as its nature will permit. and account for the interest of the partner or partners adjudged bankrupt. H¤¤¤>rri<>¤¤¤fb¤¤k· Sec. 6. Examrrrons or BANKRUPTS.-3 This Act shall not affect ’“*"*‘ the allowance to baukrupts of the exemptions which are prescribed by the State laws in force at the time of the filing of the petition in the State wherein they have had their domicile for the six months or the greater portion thereof immediately preceding the iilin g of the petition. Duticsvfbankrupvs Sec. 7. DUTIES OF BANKRUPTS.—3Th0 bankrupt shall (1) attend °°°°°m°d‘ the nrst meeting of his creditors. if directed by the court or a judge thereof to do so, and the hearing upon his application for a discharge, if filed- (2) comply with all lawful orders of the court; (3) examine the correcfness of all proofs of claims tiled against his estate; (4) execute and deliver such papers as shall be ordered by the court; (5) execute to his trustee transfers of all his property in foreign countries; (6) immediately inform his trustee of any attempt. by his creditors or other persons, to evade the provisions of this Act, coming to his knowledge; (7) in case of any person having to his knowledge proved a false claim against his estate, disclose that fact immediately to his trustee; (8) prepare. make oath to, and tile in court within ten days, unless further time is granted, after the adjudication, if an involuntary bankrupt, and with the petition if a voluntary bankrupt, a schedule of his property, showing the amount and kind of property. the location thereof, its money value in detail, and a list of his creditors, showing their residences, if known, if unknown, that fact to be stated, the amounts due each of them, the consideration thereof, the security held by them, if any, and a claim for such exemptions as he may be entitled to, all in triplicate, one copy of each {hr the clerk, one tbr the referee. and one for the trustee; and (9) when present at the first meeting of his creditors. and at such other times as the court shall order, submit to an examination concerning the conducting of his business, the cause of his bankruptcy, his dealings with his creditors and other persons, the amount. kind, and whereabouts of his property, and, in addition, all matters which may affect the administration and settlement of his estate; but no testimony given by him shall be oiiered in evidence against him in any criminal proceeding. F l’roa·i¢le¤I, lmu·ez·er. That he shall not be required to attend a meeting L·¤¤¤¤=i¤¤=»· of his creditors, or at or for an examination at a place more than one hundred and fifty miles distant from his home or principal place of business, or to examine claims except when presented to him. unless M¥{;*;;;;,(j‘2;***** ordered by the court. or a judge thereof, for cause shown, and the bank- ‘' rupt shall be paid his actual expenses from the estate when examined or required to attend at any place other than the city, town, or village of his residence.