§ 8644. General partner's liability.
105 words·~1 min read·
/pa/title-15/chapter-86/8644A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 8644. General partner's liability.
(a)General rule.-- Except as provided under subsection
(b)or section 8204 (relating to limitation on liability of partners), all general partners are liable jointly and severally for all debts, obligations and other liabilities of the limited partnership unless otherwise agreed by the claimant or provided by law.
(b)Preexisting obligations.-- A person that becomes a general partner is not personally liable for a debt, obligation or other liability of the limited partnership incurred before the person became a general partner.
15c8644v
Cross References. Section 8644 is referred to in sections 8645, 8667, 8686, 8687, 8689 of this title.
15c8645s