(1) From the assets of the partnership, the first debts to be discharged are the joint debts, including those divided among the partners in relation to the creditors or for which the remaining partners are liable as debtors to one partner. If a debt is not yet due for repayment or is contested, then the amount required for discharge is to be retained.
(2) From the assets of the partnership remaining after discharge of debts, the contributions are to be repaid. For contributions that did not consist of money, the value that they had at the time when they were contributed is to be reimbursed. Compensation may not be demanded for contributions consisting of the performance of services or of an object being made available for use.
(3) For discharge of debts and repayment of contributions, the assets of the partnership are to be converted into money to the extent necessary.