Md. Code, Courts and Judicial Proceedings § 5–420
Where this section sits in the code
- Article - Courts and Judicial Proceedings
(a) In this section, “partnership” has the meaning stated in § 9A-101 of the Corporations and Associations Article.
(b) A person who is admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before the person’s admission as though the person had been a partner when the obligations were incurred, except that this liability shall be satisfied only out of the property of the partnership.
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