Table of Contents TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS CHAPTER 10. PARTNERSHIPS IN GENERAL Part 3. Relation of Partner and Partnership to Other Persons
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Mont. Code Ann. § 35-10-309

(2011)

Liability of incoming partner

A person admitted as a partner into a partnership is liable for all obligations of the partnership incurred before the person's admission as if the person were a partner when the obligations were incurred, but the liability may be satisfied only out of partnership property.

Official Annotations archive.org, 2011 edition
History:
En. Sec. 17, Ch. 251, L. 1947
R.C.M. 1947, 63-209
Amd. Sec. 23, Ch. 238, L. 1993
Source text on leg.mt.gov