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

Colorado Statutes

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

Colorado·Title 07 Corporations·Art. Uniform Partnership Law

(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.

Colorado § 7-60-114 (Partner's breach of trust - liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.