Montana Statutes
§ 35-10-309 — Liability Of Incoming Partner
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 10 PARTNERSHIPS IN GENERAL·Part 3 Relation of Partner and Partnership to Other Persons
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.
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Legislative History
En. Sec. 17, Ch. 251, L. 1947; R.C.M. 1947, 63-209; amd. Sec. 23, Ch. 238, L. 1993.
Nearby Sections
15
§ 35-10-101
Short Title§ 35-10-102
Definitions§ 35-10-103
Knowledge And Notice§ 35-10-104
Uniformity Of Application And Construction§ 35-10-105
Supplemental Principles Of Law§ 35-10-107
Through 35-10-110 Reserved§ 35-10-113
Filing With Secretary Of State§ 35-10-114
And 35-10-115 Reserved§ 35-10-116
Law Governing Internal Affairs§ 35-10-201
Partnership As Entity§ 35-10-202
Creation Of Partnership