Md. Code, Courts and Judicial Proceedings § 5-420

Md. Code, Courts and Judicial Proceedings § 5-420
in effect
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(a) In this section, “partnership” has the meaning stated in § 9A-101 of the Corporations and Associations Article. (b) A person who is admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before the person’s admission as though the person had been a partner when the obligations were incurred, except that this liability shall be satisfied only out of the property of the partnership.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcj&section=5-420&enactments=falseFetched: 10/16/2026

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