Iowa Statutes
§ 486A.306 — Partner’s liability
Iowa § 486A.306
This text of Iowa § 486A.306 (Partner’s liability) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 486A.306 (2026).
Text
1.Except as otherwise provided in subsections 2 and 3, all partners are liable jointly and
severally for all obligations of the partnership unless otherwise agreed by the claimant or
provided by law.
2.A person admitted as a partner into an existing partnership is not personally liable for
any partnership obligation incurred before the person’s admission as a partner.
3.An obligation of a partnership incurred while the partnership is a limited liability
partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the
partnership. A partner is not personally liable, directly or indirectly, by way of contribution
or otherwise, for such an obligation solely by reason of being or so acting as a partner. This
9 UNIFORM PARTNERSHIP ACT, §486A.308
subsection applie
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Nearby Sections
15
§ 486A.1001
Statement of qualification§ 486A.1002
Name§ 486A.101
Definitions§ 486A.102
Knowledge and notice§ 486A.104
Supplemental principles of law§ 486A.106
Governing law§ 486A.1102
Statement of foreign qualification§ 486A.1103
Effect of failure to qualify§ 486A.1105
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Bluebook (online)
Iowa § 486A.306, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/486A.306.