Cap. 16 Art. 1657Liability of partner for interest on sums due or availed of by him.

(1) The partner who has agreed to contribute a sum of money to the partnership and has failed to do so, becomes ipso jure a debtor in the interest on such sum as from the day on which such sum was payable by him.

(2) The same rule shall apply in regard to sums which a partner has taken from the funds of the partnership for his own private advantage, the interest on such sums to run from the day on which he shall have so taken them.

(3) Nothing in this article shall affect the right of the partnership to bring an action, where competent, for further damages against such partner even though he has not been put in default.