N.Y. Partnership Law § 28

Current through 2024 NY Law Chapters 1-50, 52-55, 57, 61-117
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.

N.Y. Partnership Law § 28