GroundRules
S.C. Code Ann. § 33-41-390: Liability of incoming partner.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 41 Uniform Partnership Act
- ARTICLE 5 Relations of Partners to Persons Dealing With 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.
Collected 2026-09-02T07:04:24Z. Source file · JSON