§ 5–420
Statutes in effect as of October 1, 2026.
Md. Code Ann., Cts. & Jud. Proc. § 5-420 (2026)
Title 5. Limitations, Prohibited Actions, and Immunities
Subtitle 4. Immunities and Prohibited Actions -- Businesses, Associations, and Charities
§ 5–420LinkCopy Citation
(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.