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2021 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 8 - Partnerships
§ 14-8-17. Liability of Incoming Partner
Universal Citation: GA Code § 14-8-17 (2021)
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.
(Code 1981, §14-8-17, enacted by Ga. L. 1984, p. 1439, § 1.)
Law reviews.- For article surveying business associations developments in Georgia from mid-1980 through mid-1981 concerning partnerships and corporations, see 33 Mercer L. Rev. 19 (1981).
RESEARCH REFERENCES
C.J.S.
- 68 C.J.S., Partnership, § 309.
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