Statute · New York Partnership Law
N.Y. P'ship Law § 28 — Liability of incoming partner
N.Y. P'ship Law § 28
- Type
- Statute
- Source
- New York Partnership Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 28. Liability of incoming partner. 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 his liability shall be satisfied…
Citator
N.Y. P'ship Law § 28 — Liability of incoming partner is in force in the current edition of the Code, and nothing recorded condemns it.
§ 28. Liability of incoming partner. 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 his liability shall be satisfied only out of partnership property.