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2018 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12 Partnerships
Section 7-12-28 Liability of incoming partner.
Universal Citation: RI Gen L § 7-12-28 (2018)
§ 7-12-28. Liability of incoming partner.
A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his or her admission as though he or she had been a partner when the obligations were incurred, except that this liability is satisfied only out of partnership property.
History of Section.
(R.P.L. 1957, ch. 74, § 17.)
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