362.215 Partnership bound by partner's breach of trust.
72 words·~1 min read·
/ky/chapter-362/362-215A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The partnership is bound to make good the loss:
(1)Where one partner acting within the scope of his apparent authority receives money
or property of a third person and misapplies it; and
(2)Where the partnership in the course of its business receives money or property of a
third person and the money or property so received is misapplied by any partner
while it is in the custody of the partnership.