California § 15904.04. 15904.04. (Added by Stats. 2006, Ch. 495, Sec. 20.)

California Statutes

§ 15904.04. — 15904.04. (Added by Stats. 2006, Ch. 495, Sec. 20.)

California·Code CORP Corporations Code - CORP·Title 2. TITLE 2. PARTNERSHIPS·Ch. 4.5. CHAPTER 4.5. Uniform Limited Partnership Act of 2008·Art. 4. ARTICLE 4. General Partners

(a)Except as otherwise provided in subdivision (b), all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.

(b)A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.

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(a)
Except as otherwise provided in subdivision (b), all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.
(b)
A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.

California § 15904.04. (15904.04. (Added by Stats. 2006, Ch. 495, Sec. 20.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.