138. Limiting partner's indemnity by agreement.

138.     Limiting partner's indemnity by agreement.

A partner's liability to indemnify his firm may be expressly limited1; and a person, although liable as a partner to persons dealing with the firm, may be relieved from liability to contribute to partnership debts as between himself and his partners by the method of dealing adopted by the firm2.

The right to indemnity will be lost if the partners agree to convert the firm property into their separate property3.