New York Statutes
§ 28 — Liability of incoming partner
§ 28. Liability of incoming partner. A person admitted as a partner\ninto an existing partnership is liable for all the obligations of the\npartnership arising before his admission as though he had been a partner\nwhen such obligations were incurred, except that his liability shall be\nsatisfied only out of partnership property.\n
Free access — add to your briefcase to read the full text and ask questions with AI
New York § 28 (Liability of incoming partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Wisnouse v. Telsey
367 F. Supp. 855 (S.D. New York, 1973)
Alper Restaurant, Inc. v. Catamount Development Corporation
137 A.D.3d 1559 (Appellate Division of the Supreme Court of New York, 2016)
Kalichman v. Beverly Holding Co.
130 A.D.2d 327 (Appellate Division of the Supreme Court of New York, 1987)
Frattalone v. Freund
242 A.D.2d 600 (Appellate Division of the Supreme Court of New York, 1997)
600 Partners Co. v. Berger
245 A.D.2d 140 (Appellate Division of the Supreme Court of New York, 1997)