323.16 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 admission as though a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.
HIST: (7400) 1921 c 487 s 17; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes