[§425E-403]  Limited partnership
liable for general partner's actionable conduct.  (a)  A limited
partnership shall be 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 general partner acting in the ordinary course of activities of the
limited partnership or with authority of the limited partnership.



(b)  If, in the course of the limited
partnership's activities or while acting with authority of the limited partnership,
a general partner receives or causes the limited partnership to receive money
or property from a person not a partner, and the money or property is
misapplied by a general partner, the limited partnership shall be liable for
the loss. [L 2003, c 210, pt of §1]