§ 5-420
74 words·~1 min read·
/md/courts-and-judicial-proceedings/5-420·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–420.
(a)In this section, “partnership” has the meaning stated in § 9A-101 of the Corporations and Associations Article.
(b)A person who is admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before the person’s admission as though the person had been a partner when the obligations were incurred, except that this liability shall be satisfied only out of the property of the partnership.