35-10-305. Partnership liable for partner's actionable conduct.
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/mt/title-35/chapter-10/part-3/35-10-305·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-10-305 . Partnership liable for partner's actionable conduct.
(1)A partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission or other actionable conduct of a partner acting in the ordinary course of business of the partnership or with the authority of the partnership.
(2)If, in the course of its business, a partnership receives money or property of a person not a partner and that money or property is misapplied by a partner while it is in the custody of the partnership, the partnership is liable for the loss.