46. Pledging assets for partnership debt.

A surviving partner can give a valid security on the partnership assets for a partnership debt incurred before the death of his partner1. Moreover, this is a general power which a partner continues to possess after the dissolution of the partnership of which he is member in so far as the exercise of such power may be necessary to wind up the affairs of the partnership and to complete transactions begun but unfinished at the time of the dissolution, but not otherwise

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