Chalmers v. Weed

This is an action for an accounting brought by plaintiff, a limited partner of the firm of Weed, Hall, Berndt & Co. Ancillary thereto, plaintiff prays that a membership upon the Stock Exchange belonging to William W. Goldsborough, Jr., a general partner, be ordered sold and the proceeds applied to the payment of the debts of the partnership and the balance divided among the partners according to their respective rights.(1) The principal question presented is whether the Stock Exchange membership is a partnership asset, subject to the pay*742ment of the debts of the partnership, including the…