GroundRules
N.C. Gen. Stat. § 59-47: Liability of incoming partner.
Where this section sits in the code
- Chapter 59. Partnership.
- Article 2. Uniform Partnership Act.
- Part 3. Relations of Partners to Persons Dealing with the Partnership.
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. (1941, c. 374, s. 17.)
Collected 2026-08-27T18:07:02Z. Source file · JSON