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 this liability shall be satisfied only out of partnership property.
Mass. Gen. Laws ch. 108A, § 17
Liability of new partner for partnership obligations
Known as the Uniform Partnership Act
The act spans §§ 108A-1–108A-9 (49 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.