358.170. Liability of incoming partner. - Missouri Statutes

Liability of incoming partner.

358.170. A person admitted as a partner into an existingpartnership is liable for all the obligations of the partnershiparising before his admission as though he had been a partner whensuch obligations were incurred, except that this liability shallbe satisfied only out of partnership property.

(L. 1949 p. 506 § 17)