2011 Nevada Revised Statutes
Chapter 87 - Partnerships
NRS 87.170 - Liability of incoming partner.


NV Rev Stat § 87.170 (2011) What's This?

A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before 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.

[17:74:1931; 1931 NCL 5028.16]

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