Nevada Statutes
§ 87.170 — Liability of incoming partner
Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 87 Partnerships· Relations of Partners to Persons Dealing With Partnership
A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before admission as though the person had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.
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Legislative History
[17:74:1931; 1931 NCL § 5028.16]
Nearby Sections
15
§ 87.001
Definitions§ 87.002
“Business” defined§ 87.007
“State” defined§ 87.010
Short title§ 87.020
Definitions§ 87.025
Applicability§ 87.040
Rules of construction§ 87.060
Partnership defined§ 87.080
Property of partnership