(1) Where a person enters the business of a sole trader as a general partner or as a limited partner, the partnership will be liable for all liabilities of the former business owner incurred in the operation of the business, even if the partnership does not continue the previous business name. With respect to debtors, claims arising out of the operation of the business are deemed to have devolved to the partnership.
(2) A divergent agreement will be effective in relation to third parties only if it has been entered in the Commercial Register and notice of it has been given by publication, or if the third party has been notified thereof by a partner.
(3) Where the former business owner becomes a limited partner and the partnership is liable for liabilities incurred in the operation of their business, section 26 applies accordingly to the limitation of their liability, subject to the proviso that the time limit specified in section 26 (1) begins to run at midnight of the day on which the partnership is registered in the Commercial Register. This applies also if the former business owner becomes active in the management of the partnership or of an enterprise belonging to it as partner. The former business owner’s liability as limited partner remains unaffected.