Vermont § 3226 - Partner’s liability

Full text of Vermont Vermont Statutes Online § 3226 — Partner’s liability, with citation guidance and answers to common questions.

§ 3226. Partner’s liability

  • (a) Except as otherwise provided in subsections (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 any 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, 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 such an obligation solely by reason of being
    or so acting as a partner. This subsection applies notwithstanding anything inconsistent
    in the partnership agreement that existed immediately before the vote required to
    become a limited liability partnership under subsection 3291(b) of this title. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)

Frequently Asked Questions About Vermont § 3226

What does Vermont Statutes Online § 3226 cover?

Section 3226 ("Partner’s liability") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 3226?

A common citation format is "Vermont Statutes Online § 3226" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 3226 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.