N.C. Gen. Stat. § 59-47

Current through Session Law 2024-56
Section 59-47 - 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 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.

N.C. Gen. Stat. § 59-47

1941, c. 374, s.17.