N.Y. Partnership Law Section 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.

Source: Section 28 — Liability of incoming partner, https://www.­nysenate.­gov/legislation/laws/PTR/28 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 28’s source at nysenate​.gov

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