Colorado § 7-60-114 Partner's breach of trust - liability

Colorado Statutes

§ 7-60-114 — Partner's breach of trust - liability

Colorado § 7-60-114

Title 07Corporations

Art.Uniform Partnership Law

This text of Colorado § 7-60-114 (Partner's breach of trust - liability) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-60-114 (2026).

Text

(1)The partnership is bound to make good the loss:

(a)Where one partner acting within the scope of such partner's apparent authority receives money or property of a third person and misapplies it; and

(b)Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.

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(1) The partnership is bound to
make good the loss:

(a) Where one partner acting within the scope of such partner's apparent
authority receives money or property of a third person and misapplies it; and

(b) Where the partnership in the course of its business receives money or
property of a third person and the money or property so received is misapplied by
any partner while it is in the custody of the partnership.

Legislative History

Source: L. 31: p. 652, � 14. CSA: C. 123, � 14. CRS 53: � 104-1-14. C.R.S. 1963: � 104-1-14. L. 2004: (1)(a) amended, p. 1423, � 76, effective July 1.