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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 his liability shall be satisfied only out of partnership property.
Cite this article: FindLaw.com - New York Consolidated Laws, Partnership Law - PTR § 28. Liability of incoming partner - last updated January 01, 2021 | https://codes.findlaw.com/ny/partnership-law/ptr-sect-28/
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