Section 17. 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.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Section 1 - Citation of Chapter
Section 3 - Knowledge and Notice; Definition
Section 4 - Interpretation and Construction
Section 5 - Application of Rules of Law and Equity
Section 6 - Partnership, Defined; Application to Prior Associations; Limited Partnerships
Section 7 - Rules for Determining Existence of Partnership
Section 8 - Partnership Property; Acquisition and Conveyance
Section 9 - Partner as Agent of Partnership; Authority
Section 10 - Conveyance to Title to Realty
Section 11 - Admissions and Representations
Section 12 - Notice to and Knowledge of Partner; Imputation to Partnership
Section 13 - Liability of Partnership for Wrongful Acts of Partners
Section 14 - Liability of Partnership for Partner's Misapplication of Money or Property
Section 15 - Joint and Several Liability of Partners
Section 16 - Misrepresentation of Self as Partner; Liability
Section 17 - Liability of New Partner for Partnership Obligations
Section 18 - Rights and Duties of Partners
Section 19 - Partnership Books; Right of Inspection
Section 20 - Disclosure of Information on Demand
Section 22 - Partner's Right to Formal Accounting
Section 23 - Continuation of Partnership Beyond Time Fixed for Termination
Section 26 - Interest in Partnership; Profits
Section 27 - Conveyance of Interest in Partnership; Rights of Assignee
Section 28 - Creditor's Remedy to Reach Partner's Interest in Partnership
Section 29 - Dissolution and Winding Up; Definition
Section 30 - Effect of Dissolution
Section 31 - Causes of Dissolution
Section 32 - Decree of Dissolution
Section 33 - Effect of Dissolution on Partner's Authority
Section 34 - Dissolution by Act, Death or Bankruptcy; Liability to Co-Partners
Section 35 - Authority and Liability After Dissolution
Section 37 - Right to Wind Up Partnership Affairs
Section 38 - Rights of Partners Upon Dissolution
Section 39 - Rights of Partner Entitled to Rescind Partnership
Section 40 - Rules for Settling Accounts Between Partners
Section 41 - Creditors' Rights; Continuing Business of Dissolved Partnership
Section 43 - Right to an Account
Section 44 - Actions to Reach and Apply Corporate Shares and Interests
Section 45 - Registration as Limited Liability Partnership; Annual Report; Withdrawal; Revocation
Section 46 - Name of Registered Limited Liability Partnership
Section 47 - Recognition Outside Commonwealth