Mass. Gen. Laws ch. 108A § 17

Current through Chapter 223 of the 2024 Legislative Session
Section 108A:17 - Liability of new partner for partnership obligations

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 this liability shall be satisfied only out of partnership property.

Mass. Gen. Laws ch. 108A, § 17