(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) A partnership is liable for the loss 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 a partner misapplies the money or property.
Effective Date: 2008 HB332 08-06-2008
Section: Previous 1776.22 1776.23 1776.24 1776.31 1776.32 1776.33 1776.34 1776.35 1776.36 1776.37 1776.38 1776.41 1776.42 1776.43 1776.44 NextLast modified: October 10, 2016