(1) Partnership assets remaining after payment of debts are to be distributed by the liquidators among the partners in proportion to their respective shares of capital as indicated by the closing balance sheet.
(2) Money not required during the liquidation process is to be distributed provisionally. Amounts required to cover not yet due, or disputed obligations, and to secure the respective amounts payable to the partners upon the final distribution, are to be retained. The provisions of section 122 (1) do not apply during the liquidation period.
(3) If a dispute arises among the partners regarding the distribution of partnership assets, the liquidators are to suspend the distribution until such dispute has been resolved.