Partner's liability. — Alaska Code § 32.06.306
Alaska Code § 32.06.306 — Partner's liability.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 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).
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 32.06.306
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: Partner's liability.
- Text: transcribed from the official source (verify below)
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The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 32.06.306 address?
It addresses "Partner's liability.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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