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.
N.H. Rev. Stat. Ann. § 304-A:17
Liability of Incoming Partner
Known as the Uniform Partnership Act
The act spans §§ 304-A:1 to 304-A:9 (63 sections).
Source. 1973, 378:1, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.