(1)  Every partner in a firm, other than an incorporated limited partnership, is liable jointly with the other partners for all debts and obligations of the firm incurred while he or she is a partner and, after his or her death, his or her estate is also severally liable in a due course of administration for such debts and obligations, so far as they remain unsatisfied, but subject to the prior payment of any separate debts.

(2)  Every general partner in an incorporated limited partnership is liable jointly with the other partners for all debts and obligations of the partnership incurred while he or she is a partner and, after his or her death, his or her estate is also severally liable in a due course of administration for such debts and obligations, so far as they remain unsatisfied, but subject to the prior payment of any separate debts.

(3)  Despite subsection (2) , a general partner in an incorporated limited partnership is only liable for any debts or obligations of the incorporated limited partnership –

(a) to the extent that the incorporated limited partnership is unable to satisfy those debts and obligations; or

(b) where any greater extent is provided by the partnership agreement, to that greater extent.