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Code · Massachusetts · Part I — ADMINISTRATION OF THE GOVERNMENT · Title XV — REGULATION OF TRADE · Chapter 108A

Section 17: Liability of new partner for partnership obligations

49 words·~1 min read·/ma/part-i/title-xv/chapter-108a/17

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Section 17. 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 this liability shall be satisfied only out of partnership property.
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