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New York Partnership Law Section 28 - Liability Of Incoming Partner

Legal Research Home > New York Lawyer > Partnership > New York Partnership Law Section 28 - Liability Of Incoming Partner

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    § 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.

Last modified: August 10, 2006