Section 32.06.306. Partner's liability.

   (a) Except as otherwise provided in (b) and (c) of this section, all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by the claimant or provided by law.
   (b) A person admitted as a partner into an existing partnership is not personally liable for a partnership obligation incurred before the person's admission as a partner.
   (c) An obligation of a partnership incurred while the partnership is a limited liability partnership, whether arising in contract, in tort, or otherwise, is solely the obligation of the partnership. A partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for the obligation solely by reason of being or acting as a partner. This subsection applies even if inconsistent with a partnership agreement provision that exists immediately before the vote required to become a limited liability partnership under AS 32.06.911(b).

Authorities

32.06.307;32.06.703;32.06.807;32.06.906

Notes

References

AS 32.06.307 Actions by and against partnership and partners.
AS 32.06.703 Dissociated partner's liability to other persons.
AS 32.06.807 Settlement of accounts and contributions among partners.
AS 32.06.906 Effect of merger.

History

(Sec. 6 ch 115 SLA 2000)