§ 7-12-28. Liability of incoming partner. [Repealed effective January 1, 2023.]
A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his or her admission as though he or she had been a partner when the obligations were incurred, except that this liability is satisfied only out of partnership property.
History of Section.
R.P.L. 1957, ch. 74, § 17.
§ 7-12-28. [Repealed effective January 1, 2023.]
History of Section.
R.P.L. 1957, ch. 74, § 17; repealed by P.L. 2022, ch. 123, § 1, effective January
1, 2023; repealed by P.L. 2022, ch. 124, § 1, effective January 1, 2023.