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.
Mo. Rev. Stat. § 358.170
Liability of incoming partner
Known as the Uniform Partnership Law
The act spans §§ 358–358 (55 sections).
Effective: 28 Aug 1949; (L. 1949 p. 506 § 17)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.