A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before admission as though the person had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.
NRS 87.170
Liability of incoming partner
Known as the Uniform Partnership Act
The act spans §§ 87–87 (136 sections).
[17:74:1931; 1931 NCL § 5028.16]
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.