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2017 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 84 - General Partnerships
Section 8436 - Partner's liability
Universal Citation: 15 PA Cons Stat § 8436 (2017)
§ 8436. Partner's liability.
(a) General rule.--Except as provided in subsection (b) or section 8204 (relating to limitation on liability of partners), all partners are jointly and severally liable for all debts, obligations and other liabilities of the partnership unless otherwise agreed by the claimant or provided by law.
(b) Preexisting liabilities.--A person that becomes a partner is not personally liable for a debt, obligation or other liability of the partnership incurred before the person became a partner.
Cross References. Section 8436 is referred to in sections 8241, 8242, 8244, 8437 of this title.
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