Ind. Code § 23-4-1-17

Current through P.L. 171-2024
Section 23-4-1-17 - 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 this liability shall be satisfied only out of partnership property.

IC 23-4-1-17

Formerly: Acts 1949, c.114, s.17.