2001 Minnesota Statutes

     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 

*   NOTE:  This section is repealed by Laws 1997, chapter 174, 
*article 12, section 68, as amended by Laws 1998, chapter 262, 
*section 12, effective January 1, 2002.