| | | 2.__Action against partnership and partners.__An action may be | | brought against the partnership and, to the extent not | | inconsistent with section 1034, any or all of the partners in the | | same action or in separate actions. |
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| | | 3.__Judgment against partnership; partner.__A judgment against | | a partnership is not by itself a judgment against a partner.__A | | judgment against a partnership may not be satisfied from a | | partner's assets unless there is also a judgment against the | | partner. |
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| | | 4.__Execution against assets of partner.__A judgment creditor | | of a partner may not levy execution against the assets of the | | partner to satisfy a judgment based on a claim against the | | partnership unless the partner is personally liable for the claim | | under section 1034 and: |
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| | | A.__A judgment based on the same claim has been obtained | | against the partnership and a writ of execution on the | | judgment has been returned unsatisfied in whole or in part; |
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| | | B.__The partnership is a debtor in bankruptcy; |
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| | | C.__The partner has agreed that the creditor need not | | exhaust partnership assets; |
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| | | D.__A court grants permission to the judgment creditor to | | levy execution against the assets of a partner based on a | | finding that partnership assets subject to execution are | | clearly insufficient to satisfy the judgment, that | | exhaustion of partnership assets is excessively burdensome | | or that the grant of permission is an appropriate exercise | | of the court's equitable powers; or |
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| | | E.__Liability is imposed on the partner by law or contract | | independent of the existence of the partnership. |
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| | | 5.__Application to partnership liability or obligation.__This | | section applies to any partnership liability or obligation | | resulting from a representation by a partner or purported partner | | under section 1036. |
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| | | §1036.__Liability of purported partner |
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| | | 1.__Liability of purported partner.__If a person, by words or | | conduct, purports to be a partner, or consents to being | | represented by another as a partner, in a partnership or with one | | or more persons not partners, the purported partner is liable to | | a person to whom the representation is made, if that person, | | relying on the representation, enters into a transaction with the |
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