§ 9A-305. Partnership liable for partner's actionable conduct

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(a) Personal injury or loss. -- 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 authority of the partnership.

(b) Misapplication of funds. -- If, in the course of the partnership's business or while acting with authority of the partnership, a partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a partner, the partnership is liable for the loss.

HISTORY: 1997, ch. 654, § 2; 1998, ch. 743, § 1.

                    
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