§28 - Liability of incoming partner
Cite: N.Y. P.T.R. Law § 28 (Consol.).
A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he had been a partner when such obligations were incurred, except that his liability shall be satisfied only out of partnership property.
[PREV] §27 - Partner by estoppel
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