South Carolina Statutes
§ 33-41-390 — Liability of incoming partner.
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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South Carolina § 33-41-390 (Liability of incoming partner.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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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