Mont. Code § 35-10-309

Current through the 2023 Regular Session
Section 35-10-309 - Liability of incoming partner

A person admitted as a partner into a partnership is liable for all obligations of the partnership incurred before the person's admission as if the person were a partner when the obligations were incurred, but the liability may be satisfied only out of partnership property.

§ 35-10-309, MCA

En. Sec. 17, Ch. 251, L. 1947; R.C.M. 1947, 63-209; amd. Sec. 23, Ch. 238, L. 1993.