Consent for admission of partner required; incoming partners are not liable for firm acts predating their admission. Admission of a new partner requires the consent of all existing partners, subject to any contractual arrangements among them and to statutory limitations; an incoming partner does not become liable for acts of the firm done before he became a partner, unless the partners' contract or other applicable provision provides otherwise.
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.
Consent for admission of partner required; incoming partners are not liable for firm acts predating their admission.
Admission of a new partner requires the consent of all existing partners, subject to any contractual arrangements among them and to statutory limitations; an incoming partner does not become liable for acts of the firm done before he became a partner, unless the partners' contract or other applicable provision provides otherwise.
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