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S.C. Code Ann. § 33-41-980

Satisfying certain liability of partner

Known as the Uniform Partnership Act

The act spans §§ 33–33 (61 sections).

1962 Code SECTION 52-68; 1952 Code SECTION 52-68; 1950 (46) 1841.

The liability of a partner under item (2) of SECTION 33-41-970 shall be satisfied out of partnership assets alone when such partner had been prior to the dissolution:

(1) Unknown as a partner to the person with whom the contract is made; and

(2) So far unknown and inactive in partnership affairs that the business reputation of the partnership could not be said to have been in any degree due to his connection with it.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.