140. Nature of partner's lien.

On the dissolution of a partnership1, each partner has a general lien on the firm's surplus assets2, which arises out of his statutory right to have the surplus assets, after payment of the firm's debts and liabilities, applied in payment of what may be due to the partners respectively3 after deducting what may be due from them as partners to the firm4.

The lien is not one which affects each particular piece of property belonging to the partnership. It is in the nature of a general lien upon the surplus assets, and does not affect each particular asset so as