South Carolina Statutes
§ 33-41-390 — Liability of incoming partner.
South Carolina § 33-41-390
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 41UNIFORM PARTNERSHIP ACT
This text of South Carolina § 33-41-390 (Liability of incoming partner.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 33-41-390 (2026).
Text
A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he 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
HISTORY: 1962 Code SECTION 52-29; 1952 Code SECTION 52-29; 1950 (46) 1841. ARTICLE 7 Relations of Partners to One Another
Nearby Sections
15
§ 33-41-10
Short title.§ 33-41-1000
Liability under SECTION 33-41-380 not affected.§ 33-41-1020
Right to wind up partnership affairs.§ 33-41-1090
Accrual of right to an account.§ 33-41-1120
Name.§ 33-41-1130
Liability insurance.§ 33-41-1140
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Bluebook (online)
South Carolina § 33-41-390, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/33-41-390.