State Codes and Statutes
Statutes > Maryland > Corporations-and-associations > Title-9a > Subtitle-3 > 305§ 9A-305. Partnership liable for partner's actionable conduct.
(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.
[1997, ch. 654, § 2; 1998, ch. 743, § 1.]
