State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXV > CHAPTER108A > Section17

Section 17. 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.

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXV > CHAPTER108A > Section17

Section 17. 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.


State Codes and Statutes

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXV > CHAPTER108A > Section17

Section 17. 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.