(306) Partner's liability

N.D. Cent. Code § 45-15-06
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
45-15-06. (306) Partner's liability 1. Except as otherwise provided in subsection 2 and in chapter 45-22, all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by the claimant or provided by law. 2. A person admitted as a partner into an existing partnership is not personally liable for any partnership obligation incurred before the person's admission as a partner.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t45c15.pdf#nameddest=45-15-06Fetched: 10/16/2026

Starting a business in North Dakota? North Dakota LLC guide: costs and requirements