Md. Code, Courts and Judicial Proceedings § 5-420
This is the official text of Md. Code, Courts and Judicial Proceedings § 5-420, part of Maryland’s Code, Courts and Judicial Proceedings — governs court structure and civil procedure.
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§5–420.
Official statutory text
(a) In this section, “partnership” has the meaning stated in § 9A-101 of the Corporations and Associations Article.
(b) A person who is admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before the person’s admission as though the person had been a partner when the obligations were incurred, except that this liability shall be satisfied only out of the property of the partnership.
(b) A person who is admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before the person’s admission as though the person had been a partner when the obligations were incurred, except that this liability shall be satisfied only out of the property of the partnership.
Status: in_force · Read it on the official government site
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