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Liability of incoming partner.

G.S. 59-47
in effect
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§ 59-47.  Liability of incoming partner. 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. (1941, c. 374, s. 17.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_59/GS_59-47.htmlFetched: 10/19/2026

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G.S. 59-47 — Liability of incoming partner | North Carolina General Statutes (compiled through S.L. 2026-30) | Corpus