Colorado § 7-64-305 Partnership liable for partner's actionable conduct

Colorado Statutes

§ 7-64-305 — Partnership liable for partner's actionable conduct

Colorado·Title 07 Corporations·Art. Colorado Uniform Partnership Act (1997)

(1)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.

(2)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.

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(1) 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.

(2) 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.

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