Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES |
CHAPTER87. Partnerships |
UNIFORM PARTNERSHIP ACT |
Relations of Partners to Persons Dealing With Partnership |
NRS87.170. Liability of incoming partner.
Latest version.
- A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before admission as though the person had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.
[17:74:1931; 1931 NCL § 5028.16]