Section 10-8-56

(Repealed effective January 1, 2001) Liability of partner for obligations arising before admission to partnership.

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.

(Acts 1971, No. 1513, p. 2609, §17.)