There is a newer version of the Colorado Revised Statutes
2016 Colorado Revised Statutes
Title 7 - Corporations and Associations
Partnerships
Article 60 - Uniform Partnership Law
§ 7-60-117. Liability of incoming partner
CO Rev Stat ยง 7-60-117 (2016) What's This?
A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before such 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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