Obligation to contribute: creditors may enforce a partner's original contribution obligation when unaware of partner compromises. The obligation to contribute by a partner is governed by the limited liability partnership agreement. A creditor who extends credit or otherwise relies on an obligation in that agreement, and who lacks notice of any compromise between partners, may enforce the original obligation against the partner.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Obligation to contribute: creditors may enforce a partner's original contribution obligation when unaware of partner compromises.
The obligation to contribute by a partner is governed by the limited liability partnership agreement. A creditor who extends credit or otherwise relies on an obligation in that agreement, and who lacks notice of any compromise between partners, may enforce the original obligation against the partner.
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