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The Florida Statutes

The 1998 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 620
Partnership Laws
View Entire Chapter

620.8306  Partner's liability.--

(1)  Except as otherwise provided in subsection (2), all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by a claimant or provided by law.

(2)  A person admitted as a partner into an existing partnership is not personally liable for any partnership obligation incurred before the person's admission as a partner.

History.--s. 13, ch. 95-242.