Laws of New York State
Reference: New York State Legislature
Last Update: Feb 22, 2015

§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.

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