Maryland Courts and Judicial Proceedings Section 5-420

Article - Courts and Judicial Proceedings

§ 5-420.

      (a)      In this section, "partnership" has the meaning stated in § 9A-101 of the Corporations and Associations Article.

      (b)      A person who is admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before the person's admission as though the person had been a partner when the obligations were incurred, except that this liability shall be satisfied only out of the property of the partnership.



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