15 Pa. C.S. § 8436

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8436 - Partner's liability
(a) General rule.--Except as provided in subsection (b) or section 8204 (relating to limitation on liability of partners), all partners are jointly and severally liable for all debts, obligations and other liabilities of the partnership unless otherwise agreed by the claimant or provided by law.
(b) Preexisting liabilities.--A person that becomes a partner is not personally liable for a debt, obligation or other liability of the partnership incurred before the person became a partner.

15 Pa.C.S. § 8436

Added by P.L. TBD 2016 No. 170, § 25, eff. 2/19/2017.