§425-116 - Partnership liable for partner's actionable conduct.
§425-116 Partnership liable for partner's
actionable conduct. (a) 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) 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. [L 1999, c 284, pt of §1]