Under the RUPA,during winding up,the partnership must apply its assets first to discharge the obligations of partners who are creditors on parity with other creditors,subject to any other laws.

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Under the RUPA (Revised Uniform Partnership Act), during winding up, the partnership must apply its assets first to discharge the obligations of partners who are creditors on parity with other creditors, subject to any other laws. This means that the partnership must treat the partners who are creditors the same as any other creditor, with no preferential treatment.

Under the RUPA,during Winding Up,the Partnership Must Apply Its Assets