178.14 Liability of incoming partner.
178.14
178.14 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 that person's admission as though that person had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.178.14 - ANNOT.
History: 1993 a. 482.