Article 27 - Liability of former Partner for obligations incurred while a Partner
(1) A person who ceases to be a
Partner does not by doing so cease to be personally liable under Article 24(1) for Partnership Obligations incurred while he was a Partner.
(2) Article 24(2) applies to a former
Partner as it applies to a Partner.
(3) An agreement between a former
Partner, the Partnership and a creditor to
discharge the former Partner from his personal liability for a Partnership Obligation does not require valuable consideration.