Article 17 - Remuneration, expenses, personal liabilities etc
(1) This Article contains
Partner is not entitled to remuneration from the Partnership for acting in the
(3) But a
Partner is entitled to be indemnified by the Partnership in respect of a
payment made by him:
(A) in the proper conduct of the
Partnership Business or in connection with
anything necessarily done for the preservation of the Partnership Business or Property; or
(B) to discharge the whole or a part of his personal liability for a
Partnership Obligation or in reasonable settlement of an alleged personal liability for
a Partnership Obligation.
(4) The indemnity does not affect any claim which another
Partner may have
against the Partner.
(5) If the
Partnership wrongly fails to pay to a Partner any amount for which it is
liable to account to him, he is entitled to contribution from the other Partners in
the same proportions as if the amount were a Partnership Loss.