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  • SECTION 27
    Partner by estoppel
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  • ARTICLE 3
    Relations of Partners to Persons Dealing With the Partnership
    • This entry was published on 2014-09-22
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    SECTION 28

    Liability of incoming partner

    Partnership (PTR) CHAPTER 39, ARTICLE 3

    § 28. Liability of incoming partner. 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.