362.230 Liability of incoming partner.
47 words·~1 min read·
/ky/chapter-362/362-230A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 the liability shall be satisfied only out of partnership property.